Dollar slides to multi-month lows ahead of Fed rate decision

Bogdan Hofbauer

LONDON : The dollar slid to a more than two-month low against sterling and the euro and a 10-month trough versus the Australian dollar on Tuesday as investors firmed bets for a Federal Reserve interest rate cut this week. The U.S. dollar index, which tracks the currency against a basket of six major rivals, fell to 97.121, after hitting its lowest since July 7 with U.S. President Donald Trump renewing calls for aggressive monetary easing. Markets expect a 25 basis points rate cut on Wednesday,

Tag-uri: Donald Trump

Dollar slides to multi-month lows ahead of Fed rate decision https://www.channelnewsasia.com/ - 12:36

ultimele 2 ore

Dollar slides to multi-month lows ahead of Fed rate decision https://www.channelnewsasia.com/ - 12:36