Reported about 11 hours ago
The U.S. dollar is hovering close to a 3.5-year low against the euro and sterling as traders bet on potential rate cuts by the Federal Reserve amid ongoing trade negotiations and geopolitical tensions. With President Trump's upcoming decision on a more dovish Fed chair in focus, the dollar index has dropped significantly, prompting expectations for further easing. Meanwhile, emerging market currencies have shown strength as investors seek alternatives.
Source: YAHOO