Dollar Index Falls From 5-Month High as Fed Rate Cut Bets Revive on Weak Data
The US Dollar Index pulled back 0.4% from its highest level in five months after softer manufacturing data revived rate cut bets. The euro strengthened 0.5% to $1.0842 while the yen gained 0.8% to 153
The US Dollar Index pulled back 0.4% from its highest level in five months after softer manufacturing data revived rate cut bets. The euro strengthened 0.5% to $1.0842 while the yen gained 0.8% to 153.20 per dollar after the Bank of Japan signaled further policy normalization.
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