Dollar Dips Below Key Resistance as Rate Cut Bets Rise Amid Fed Shift
The US dollar slips below key resistance amid rising speculation that the Federal Reserve may cut interest rates sooner than expected. Softening inflation and weaker labor data fuel expectations of policy easing, putting pressure on the dollar. Meanwhile, sterling gains against the dollar as the Bank of England maintains a hawkish stance, and the euro advances on signs of Eurozone economic recovery. Traders are recalibrating positions as central bank outlooks diverge in forex markets.
