Dollar slips as traders await Fed interest rate decision

Group 1 - The U.S. dollar weakened as investors anticipate the Federal Reserve's interest rate cuts, with President Trump advocating for a larger cut [1][2] - Traders are expecting a 25 basis point cut at the upcoming Federal Open Market Committee meeting, with a small chance of a 50 basis point cut [2] - The dollar index fell 0.4% to 97.273, marking a nearly one-week low, while the dollar decreased against the yen and the euro strengthened [3] Group 2 - The U.S. dollar is perceived to be in a bearish trend despite stabilizing after a significant decline earlier this year, with investors looking for guidance from the Fed's projections [4] - Other central banks, including those in Japan, Britain, Canada, and Norway, are also making rate decisions this week, with expectations for the Bank of England and the Bank of Japan to maintain current rates [5] - The euro was minimally affected by Fitch Ratings' downgrade of France's sovereign credit score, which was largely anticipated by the market [6]