Dollar drifts as investors await Fed governor replacement

August 6, 2025

The dollar remained rangebound as investors awaited President Trump’s Federal Reserve Board nominee. U.S. services sector activity flatlined in July, highlighting the impact of tariffs. Despite this, the dollar’s movements were muted, with traders hesitant to take positions before the Fed announcement.

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Despite volatile markets, several stocks delivered exceptional returns, with 13 companies gaining 70–200% in three months. HFCL led the rally, while broader market strength created

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