Dollar Slumps as Powell Signals Interest Rate Cuts

The dollar index (DXY00) Friday fell -0.84% and posted a 13-month low. The dollar retreated Friday on a decline in T-note yields. Also, the strength in stocks Friday reduced liquidity demand for the dollar. In addition, dovish comments from Atlanta Fed…

Dollar Slumps as Powell Signals Interest Rate Cuts

The dollar index (DXY00) Friday fell -0.84% and posted a 13-month low. The dollar retreated Friday on a decline in T-note yields. Also, the strength in stocks Friday reduced liquidity demand for the dollar. In addition, dovish comments from Atlanta Fed…

Dollar Slumps as Powell Signals Interest Rate Cuts

The dollar index (DXY00) Friday fell -0.84% and posted a 13-month low. The dollar retreated Friday on a decline in T-note yields. Also, the strength in stocks Friday reduced liquidity demand for the dollar. In addition, dovish comments from Atlanta Fed…