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☆ Yσɠƚԋσʂ ☆@lemmy.mlM to United States | News & Politics@lemmy.mlEnglish · 1 year ago

Dollar drops to 3-month low, heading for biggest monthly fall in a year

ca.finance.yahoo.com

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Dollar drops to 3-month low, heading for biggest monthly fall in a year

ca.finance.yahoo.com

☆ Yσɠƚԋσʂ ☆@lemmy.mlM to United States | News & Politics@lemmy.mlEnglish · 1 year ago
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The U.S. dollar sank to a three-month low on Tuesday, as investors continued to take the view that growth in the world's largest economy is starting to slow down after an aggressive tightening cycle since March last year. That slowdown should prompt the Federal Reserve to begin easing some time next year. U.S. rate futures were pricing in a 23% chance of a rate cut in March, rising to a roughly 50% probability in May, according to the CME's FedWatch tool.
  • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOPM
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    1 year ago

    I guess the question is where it’s going to level off when the dust settles.

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