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Dollar hovers near 3.5-year low as traders wager on US rate cut
The greenback is down 10% so far this year
Jun 27, 2025
Jun 27, 2025
The greenback is down 10% so far this year
Oil hovers near 4.5-month peak on risks of supply shock
Year-end inflation projection higher at 3%, growth lower at 1.4%
Trump's recent outbursts against Fed boss Jerome Powell had fanned concern that he would oust him, sending jitters through markets
Investors fear erosion of central bank independence; Euro, Yen gain ground
Trump says that Powell should have cut interest rates earlier -- like the European Central Bank -- and must do so now