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Dollar Slips Ahead of FOMC Meeting Results
Yahoo Finance· 2025-12-10 15:44
The dollar index (DXY00) today is down by -0.18%.  The dollar is weaker amid expectations that the Fed will cut the federal funds target range by -25 bp at the conclusion of today's FOMC meeting.  The dollar extended its losses today after the US Q3 employment cost index rose less than expected, a dovish factor for Fed policy. The dollar has recently been undercut by concerns that President Trump intends to appoint a dovish Fed Chair, which would be bearish for the dollar.  Mr. Trump said last that he wil ...