Sensex Today | Stock Market LIVE Updates: Dollar on back foot as traders eye series of Fed rate cuts
The U.S. dollar eased against the euro, pound, and Australian dollar as investors positioned for an expected Federal Reserve rate cut this week, with further reductions anticipated. Calls from former President Donald Trump for aggressive monetary easing, along with softening U.S. labour market data, reinforced expectations. Wall Street’s record highs also weighed on the greenback. Meanwhile, the euro, sterling, and Aussie held firm, while the dollar was little changed against the yen.