Dollar Undercut by Yen Strength and Speculation of a 50 bp Fed Rate Cut

Written on 09/19/2024
Rich Asplund

The dollar index (DXY00 ) today is down by -0.39% and posted a 1-week low. Strength in the yen is undercutting the dollar as the yen rose to a 13-month high against the dollar today. Also, heightened speculation that the Fed will cut the fed funds target range by 50...Wall Street - US dollar background by Iluhanos via iStock