Federal Reserve officials have signaled that the dollar has expanded its decline following recent rate cuts
2025-08-06 14:06:39
The dollar fell to a nine-day low against a basket of currencies after Minneapolis Fed President Kashkari hinted that the Fed could soon resume cutting interest rates. San Francisco Fed President Daly also hinted on Monday that interest rates could be cut soon. Weaker-than-expected US jobs data on Friday boosted expectations for a September rate cut. US money markets now see a 91 per cent chance of a September rate cut, according to LSEG.
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