U.S. Dollar Declines Amid Growing Expectations of a Fed Rate Cut

The U.S. dollar declined on Tuesday as growing expectations that the Federal Reserve may proceed with an interest rate cut weighed on market sentiment. Investors are also assessing the broader economic impact of the U.S. tariffs that came into effect last week.اضافة اعلان
According to Bloomberg, the dollar had strengthened on Monday but fell during early trading today.
In the latest trading, the euro stood at $1.1579, while the British pound held steady at $1.3298.
The U.S. Dollar Index, which measures the greenback against a basket of six major currencies, registered 98.688 points, after touching a one-week low earlier in the session.