Dollar weakens as data supports Fed rate cut

Odaily News The growing likelihood of a rate cut by the Federal Reserve has constrained the dollar, which has already come under pressure as Trump recalibrates America's geopolitical leadership and pushes forward with his aggressive tariff agenda. On top of that, data showing slowing inflation and a slowing job market have increased the likelihood of a rate cut by the Federal Reserve in early fall or even earlier. (Jinshi)