Reported 1 day ago
The dollar has declined for a second consecutive day as investors anticipate a rate cut from the Federal Reserve next month, bolstered by recent U.S. inflation data and increasing pressure from President Trump for lower rates. The dollar index fell to its lowest level since late July, with a near certainty priced in for an upcoming rate reduction. Political interventions raise concerns about the Fed's independence, while the weakness of the dollar benefits the euro and pound, both of which have seen gains in response.
Source: YAHOO