Reported about 1 month ago
The U.S. dollar is weakening as traders expect the Federal Reserve to cut interest rates, marking a significant shift from its previous strength. This decline, intensified by the prospect of reduced U.S. interest rates following a robust economy, has led to increased bearish positions on the dollar. Key economic reports, including the upcoming U.S. jobs data, may determine the dollar's trajectory, while factors like the 2024 presidential election could also influence its future performance.
Source: YAHOO