Reported 1 day ago
The dollar depreciated on heightened expectations of potential Federal Reserve rate cuts and ongoing trade tensions. President Trump's willingness to extend the July 8 deadline for trade talks, coupled with a lack of clarity on U.S.-China negotiations, fueled market uncertainty. As a result, the euro reached a seven-week high against the dollar, while other currencies also gained. Analysts noted that while the Fed may consider cuts, the European Central Bank's recent stance may support the euro's strength.
Source: YAHOO