As the dollar softens ahead ofanticipated Fed rate cuts, economist Peter Schiff reiterated his concerns about a weaker dollar fanning inflationary pressure. What Happened: The U.S. dollar fell to a low of 0.8408 (intraday) against the Swiss franc on Tuesday, the lowest since 0.8400 hit on Jan. 1. On a closing basis also, the greenback dropped to its lowest in eight months, as it ended at 0.8415 against the franc. However, Schiff mentioned in his post that the Swiss currency fell to its lowest in 13 years. The dollar weakness suggests that the anticipated September rate cut could be a mistake, …
