0659 GMT - The dollar falls to a 10-day low against a basket of currencies as expectations for the Federal Reserve to raise interest rates this year dim. Recent weak jobs data and subdued inflation data prompted markets to trim rate rise bets. Investors are now looking ahead to the Fed's latest meeting minutes on Wednesday for any policy clues. "Given Fed Chair Kevin Warsh has stepped back from offering policy guidance, the minutes may shed extra light on how the Fed is weighing inflation risks as well as their urgency to act should those risks remain elevated," Deutsche Bank analysts say in a note. The DXY dollar index falls to as low as 99.452.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.