Dollar Weakens on Dovish Fed Comments

Written on 08/06/2025
Rich Asplund

The dollar index (DXY00 ) today is down by -0.37% at a 1-week low. Hawkish comments today from ECB Governing Council member Holzmann boosted EUR/USD to a 1-week high and undercut the dollar when he said he sees no need for the ECB to cut interest rates further. The dollar...US dollar background by Iluhanos via iStock