US dollar weakens as Federal Reserve expected to cut interest rates
The US dollar slid on Monday, due to expectations that the Federal Reserve is done hiking interest rates and might even start cutting them by the first half of next year. The dollar index , which measures the currency against six major peers, slipped 0.2% to 103.20 and was headed for a monthly loss of more than 3%, its worst performance since November 2022.
US rate futures on
FreshPlaza is one of the world's most well-known global media platforms for the fresh fruits and vegetables industry, providing its readers with the latest market developments and trends. The team of writers and editors source news from all over the world, and a daily newsletter is sent out with dedicated issues for North America, Latin America, Europe, Asia, Oceania, and Africa.
FreshPlaza is by nature an interactive concept that relies on the participation of its readers, where readers are encouraged to use the platform for publishing free press releases (500 words or less) and job advertisements.