Currencies

U.S. Dollar Index Weakening Second Trading Session on Banking Woes, Approaching Debt Limit

 Currencies

The dollar fell during European trade on Friday as traders worried that continued turmoil in the U.S. banking system, along with the rapidly approaching debt ceiling increase day, could lead to an earlier-than-expected rate cut by the Federal Reserve despite its recent hawkish rhetoric.

May 5, 2023

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