Reported about 9 hours ago
The dollar opened lower as traders increased bets on a potential Federal Reserve interest rate cut in September, following comments from New York Fed chief John Williams. The U.S. currency faced additional pressure from President Trump's efforts to influence Fed appointments. Despite a slight dip against the euro and Swiss franc, the dollar's index remained steady. The market anticipates key economic data releases that could impact Fed decisions, with traders estimating an 84% chance of a quarter-point rate cut next month.
Source: YAHOO