Reported about 8 hours ago
The dollar is under pressure following a spike in U.S. jobless claims, which has prompted investors to focus on potential Federal Reserve interest rate cuts in the near future. Despite rising inflation, the mixed economic signals have left the market uncertain, with speculations indicating a likely 25 basis point rate cut by the Fed on September 17. The dollar index has recorded a decline, while other currencies like the euro and Australian dollar show minor fluctuations as traders adjust their expectations.
Source: YAHOO