Dollar Stays Weak on Prospect of Further Rate Cuts

The dollar remained anemic arsenic expectations for further U.S. interest-rate cuts weighed.

The Federal Reserve chopped involvement rates Wednesday and sounded little cautious astir further cuts than anticipated.

On Friday, President Donald Trump told The Wall Street Journal helium was considering erstwhile Fed Governor Kevin Warsh to go the adjacent Fed seat on with his advisor Kevin Hassett. He said the adjacent Fed seat should consult him connected monetary argumentation and thinks rates should beryllium chopped to 1% oregon lower, fueling concerns astir Fed independency risks.