Dollar under pressure on Fed rate cut bets, China trade tensions
The Economic Timesยท2025-10-15 02:13
The U.S. dollar was on the defensive early on Wednesday after comments from Federal Reserve Chair Jerome Powell bolstered wagers on an interest rate cut this month. The greenback had lost ground to the safe-haven yen and Swiss franc on Tuesday as Washington and Beijing traded volleys in a simmering tariff spat. The euro had also gained on the dollar after the French government proposed suspending landmark pension reforms.The dollar index, which measures the U.S. currency against those three peers along with ...