ECB Rate Policy
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Dollar Retreats on Fed Rate Cut Expectations
Yahoo Finance· 2025-11-06 15:31
The dollar index (DXY00) is down today by -0.30%. The dollar is retreating today after a report from Challenger showed US job cuts in October surged +175% y/y by the most in 22 years, bolstering the outlook for the Fed to keep cutting interest rates. Also, the dollar is still under pressure from the ongoing US government shutdown. The longer the shutdown is maintained, the more likely the US economy will suffer and the more likely the Fed will have to cut interest rates. The dollar recovered from its w ...