Dollar Sinks to Four-Year Low VS Euro Ahead of Fed Rate Decision
The dollar fell across the board on Tuesday, sinking to four-year low against the euro, as investors firmed bets for a Federal Reserve interest rate cut this week.
The euro was 0.5% higher at $1.827, its highest since September 2021. The U.S. dollar index, which tracks the U.S. currency against a basket of six major rivals, was 0.6% lower at 96.787, its lowest since July 3.
The buck, which had steadied in recent months following a significant drop earlier...
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