Dollar Slips Further as Anticipation Mounts of Fed Interest Rate Cut
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.
The dollar index, measuring the currency against a basket of peers, fell 0.2% to 97.856, its lowest since July 28, extending its 0.5% drop on Tuesday.
U.S. consumer prices increased marginally in July, data showed on Tuesday, in line with forecasts and as the pass-through...
To Read Full Story Login Below.
Submit comment or question
Note: All comments are displayed with user's screen name. If screen name is not present, user's full name will be used. Please go to My Account to update your screen name.
Comment Policy: Urner Barry has made the comment feature available to encourage further discussion of our news stories. Defamatory or offensive comments, or comments deemed not relevant to the story will be removed, and if necessary, Urner Barry may restrict the right of individual subscribers to offer comments. In all cases, comments represent opinions of the poster only, and do not represent fact, news, opinions or estimates put forward by Urner Barry.
Email Address is required. Password is required.