NZD/USD drops to near 0.6250 due to diminishing odds of an aggressive rate cut by the Fed

NZD/USD continues to lose ground, trading around 0.6230 during the European hours on Monday.
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Italy Producer Price Index (YoY): -1.1% (July) vs -2.5%

Italy Producer Price Index (YoY): -1.1% (July) vs -2.5%
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