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Britain is preparing a grand royal welcome for Donald Trump's visit. King Charles will host Trump at Windsor Castle. There will be a carriage ride, flypast, and state dinner. Security will be tight due to protests. The visit includes military ceremonies and a meeting with Prime Minister Keir Starmer. Discussions may cover tariffs, Ukraine, and Gaza.
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The U.S. dollar weakened against the euro and yen as markets anticipated a Federal Reserve interest rate cut. Traders have fully priced in a 25 basis point cut, with focus on Chair Powell's comments for future easing pace. The market is also watching to see if policymakers considered a larger 50 bps cut.
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Oil prices remained stable after a previous increase due to drone attacks on Russian ports and refineries. Traders are anticipating a U.S. Federal Reserve rate cut, while also monitoring potential disruptions to Russian oil supply and the European Commission's plans to reduce reliance on Russian fossil fuels. U.S.
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