US Dollar Plunges Amidst Expectations for Fed Slowdown

The US dollar is experiencing significant depreciation, driven by market anticipation of a more dovish Federal Reserve stance. Traders are bracing for the pivotal Federal Reserve meeting, with expectations that the central bank may signal a slower pace of interest rate hikes or even consider rate cuts sooner than anticipated. This anticipation has triggered a sell-off in the dollar against major currencies like the Euro. While the Euro is capitalizing on this weakness, it remains to be seen how far its value can climb. Experts are expecting significant volatility around the Fed’s decision.**