Dollar falls to two-month low on Fed view, yen strengthens
The dollar index fell to its lowest in more than two months on Monday, extending a slide from the prior week as investors held to the belief that the U.S. Federal Reserve has finished its interest rate hike cycle and assess when the central bank may start to cut rates. The dollar index hit a low of 103.46, its weakest level since Sept. 1, after a tumble of nearly 2% last week, which marked the biggest weekly percentage drop since mid-July. Markets have priced out any additional Fed rate hikes, ...
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