Dollar Under Pressure as Fed Rate Cut Rumors Increase

The potential for a rate cut by the Federal Reserve is causing ripple effects in the foreign exchange market, with the dollar facing downward pressure. The increasing likelihood of such a move, triggered by data revealing a slowdown in U.S. inflation and job market activity, has further intensified investor uncertainty. President Trump’s aggressive stance on international trade through increased tariffs, alongside his efforts to reshape America’s global leadership, have already contributed to the dollar’s weakness.