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Dollar Slips Further as Anticipation Mounts of Fed Interest Rate Cut
NEW YORK (Reuters) -The dollar slipped for a second straight session on Wednesday, a day after a U.S. inflation reading increased expectations of a Federal Reserve rate cut next month and renewed pressure from President Donald Trump for lower rates added to the sell-off.
We expect a 0.4% month-on-month core CPI print in the US today, above the 0.3% consensus. That should offer the dollar ...
The US Dollar remains trading within a descending channel. The bullish reaction to the stronger-than-expected PPI figures seen on Thursday was capped at the top of the channel, around 98.35, and the ...
Greenback is trading with a softer profile today. Stronger-than-expected Japanese GDP lifted the yen. Despite disappointing ...
The Canadian dollar recovered on Tuesday from an earlier one-week low against its U.S. counterpart after the release of U.S.
Gold prices slipped as hotter-than-expected U.S. inflation data rattled markets, cutting bets on a bigger Fed rate cut next ...
A weaker U.S. dollar may fundamentally benefit some areas of the stock market, but “it could also potentially drive higher ...
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