Dollar Falls on Further Rate-Cut Signals

Group 1 - The dollar fell to an 11-day low against a basket of currencies due to signals of further interest rate cuts from the Federal Reserve [1][2] - Fed Governor Christopher Waller expressed support for continued policy easing, aligning with Fed Chair Jerome Powell's earlier comments [2] - The next Federal Reserve policy decision is scheduled for October 29, which could impact market expectations [2] Group 2 - The October Philadelphia Fed business outlook survey showed a sharper decline than anticipated, indicating potential economic weakness [2] - A significant drop in oil prices is contributing to the dollar's decline, as the U.S. is a major energy producer [2]