The U.S. dollar rose on Wednesday, trading near two-month highs on expectations that the Federal Reserve will slightly cut interest rates this year, while the pound slipped after positive inflation data. Dollar Benefits from Expectations of a Rate Cut Recent data indicating a resilient economy, combined with slightly higher-than-expected inflation in September, has led market […]
Dollar Falls from Highs, Euro Under Pressure on Weak Inflation Data
The U.S. dollar fell from recent highs on Tuesday as weak regional inflation data weighed on the euro ahead of the European Central Bank (ECB) meeting. Dollar Falls from Highs In recent weeks, demand for the U.S. dollar has been boosted by employment and inflation data, which suggest a slower pace of rate cuts by […]
The Dollar Stabilizes and the Euro Recovers Positions
The U.S. dollar was able to stabilize on Tuesday, while the euro made attempts to recover from last session’s sharp losses. Dollar Stable The U.S. dollar stabilized after last week’s sell-off in the wake of the Federal Reserve’s rate cut. The Fed began its rate-cutting cycle with a sizable 50 basis point reduction, and right […]