PANews reported on August 6th that the US dollar fell to a nine-day low against a basket of currencies after Minneapolis Fed President Neel Kashkari hinted that the Fed mayPANews reported on August 6th that the US dollar fell to a nine-day low against a basket of currencies after Minneapolis Fed President Neel Kashkari hinted that the Fed may
Dollar extends losses after Fed officials hint at near-term rate cut
PANews reported on August 6th that the US dollar fell to a nine-day low against a basket of currencies after Minneapolis Fed President Neel Kashkari hinted that the Fed may soon resume rate cuts. San Francisco Fed President Mary Daly also hinted on Monday that a rate cut is imminent. Last Friday's weaker-than-expected US jobs data boosted expectations of a September rate cut by the Federal Reserve. LSEG data shows that US money markets currently price in a 91% probability of a September rate cut.
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