Reported about 2 months ago
The dollar is experiencing a slump, leading to increases in other major currencies, notably the euro and British pound, which have reached their highest levels for 2024. This decline, attributed to speculation regarding potential interest rate cuts by the Federal Reserve, has pushed the euro to approximately $1.1130 and the pound to $1.3052, while also resulting in gains for the Swiss franc. Traders are closely monitoring forthcoming economic indications from Federal Reserve officials during an annual symposium.
Source: YAHOO