US Dollar Plummets as Soft Inflation Data Fuels September Rate Cut Bets
The US Dollar Index (DXY) extended its losses on Thursday, reacting to cooler-than-expected inflation data from the US Consumer Price Index (CPI). This renewed market expectations for a September interest rate cut by the Federal Reserve (Fed), despite officials maintaining a cautious stance. Market Reactions and Fed Commentary Fed Chair Jerome Powell reiterated the need […]
