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Dollar Slips From 18-Month High as Fed Rate Hike Bets Fade

Original: ⚡ NEWS Dollar Eases as Fed Hike Bets Diminish The US dollar retreated from an 18-month high as Treasury yields fell shar

The US dollar pulled back from an 18-month high after Treasury yields fell sharply, as cautious comments from Federal Reserve officials lowered expectations of an interest rate hike in October. Traders are weighing the shift against recent inflation data as markets reassess the outlook for US monetary policy.

Why now: Markets are actively repricing Federal Reserve rate expectations, moving currencies and bond yields.

US dollarFederal ReserveTreasury yields

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Evidence

• ⚡ NEWS Dollar Eases as Fed Hike Bets Diminish The US dollar retreated from an 18-month high as Treasury yields fell sharply. Federal Reserve officials' cautious comments reduced expectations for an interest rate hike in October, despite recent inflation data indicating… · GeoWire · 3

API: https://socialmediatrends-api.osmike.com/v1/trends/2368640