Reported 12 days ago
The dollar index concluded its worst week in over two months due to expectations of Federal Reserve interest rate cuts and escalating credit risks in the US banking sector. This decline, marking a 0.5% drop since Monday, comes as Fed officials indicated potential easing measures. Additionally, easing political tensions in Japan and France, along with ongoing US-China trade tensions, have contributed to the dollar's volatility, as investors remain cautious amid uncertain market conditions.
Source: YAHOO