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Bessent: Fed to decide on rates, Powell replacement discussions in fall

US Treasury Secretary Scott Bessent, in an interview on CNBC, stated that it is up to the Federal Reserve to decide on interest rates. He added that if the Fed does not cut in July, "perhaps interest rate cut in September will be bigger."
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USD/CHF strengthens as safe-haven flows decrease on upbeat NFP jobs data

The Swiss Franc (CHF) is weakening against the US Dollar (USD) as traders digest the latest economic data releases from the two nations.
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