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Dollar Extends Losses as Rate-Cut Bets Firm
Barronsยท 2025-12-03 12:09
The dollar extends its losses to reach a one-month low against a basket of currencies as U.S. interest rate cut expectations strengthen after President Trump hinted he could nominate Kevin Hassett as the next Federal Reserve Chair.Hassett's views are seen as most closely aligned with those of Trump, who has repeatedly called for rate cuts, ING analyst Chris Turner says in a note.The market's response to the news is a weaker dollar, a faster fall of short-end yields than long-end yields and a rally in risky ...