Dollar Retreats as Weak US Economic Reports Boost Fed Rate Cut Chances

Written on 08/01/2025
Rich Asplund

The dollar index (DXY00 ) today retreated from a 2-month high and is down by -1.11%. The dollar tumbled today after the Jul payroll report showed the US labor market cooled more than expected, bolstering speculation the Fed may cut interest rates as soon as next month. Losses in the...A one dollar bill floating in water by Wirestock via iStock