A divided Fed cuts interest rates
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DXY softens as traders await a potential hawkish Fed cut. Powell’s guidance and steady Treasury yields shape short-term dollar expectations.
The U.S. dollar was on a weak footing on Thursday after lacklustre economic data seemingly cemented the case for a rate cut from the Federal Reserve next week, providing relief to the yen and pushing the
NEW YORK (Reuters) -The U.S. dollar firmed across the board on Monday, a day before the release of a U.S. inflation report that could help determine whether the Federal Reserve lowers borrowing costs next month. The dollar index was up 0.3% at 98.52 after ...
Major stock markets mostly rose and the dollar gained slightly Friday as investors awaited the release of key US inflation data that could cement expectations that the Federal Reserve will
The U.S. dollar drifted lower on Monday, ahead of a week crammed with central bank meetings and headlined by the U.S. Federal Reserve, where an interest rate cut is all but priced in although a divided committee makes for
NEW YORK, June 12 (Reuters) - The dollar slumped on Thursday, as weaker-than-expected U.S. inflation data for May suggested that the Federal Reserve could resume cutting interest rates sooner rather than later, while the safe-haven yen and Swiss franc ...
Move falls short of Trump’s demands as debate over Fed independence intensifies and markets brace for global spillover effects.