A softer US dollar on growing rate‑cut expectations
1. The US Dollar Index slipped under the 99.0 mark as traders ramped up expectations for upcoming Fed rate cuts.
2. Growing confidence in a softer monetary policy path weighed on the dollar, pushing investors toward other major currencies.
3. Market sentiment turned cautious, with many betting that easing inflation will give the Fed room to loosen policy sooner than planned.
Instrument: US Dollar Index | Sentiment: Negative
