Reported about 6 hours ago
The dollar is approaching a 2.5-month low against the euro and a 10-month low against the Australian dollar as investors expect a Federal Reserve interest rate cut this week, with more to follow. President Trump's call for aggressive rate cuts, coupled with softening labor market data, has accelerated easing bets, resulting in a weaker dollar and rising equity prices. Market expectations now foresee at least 67 basis points of cuts by year-end, prompting speculation about further reductions in upcoming months.
Source: YAHOO