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via economictimes.indiatimes.comEconomy

USD falls from 18-month peak as Fed remarks cool October rate hike expectations

FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM

USD rate: Government bonds rallied and the dollar pulled back, reflecting cautious remarks from Federal Reserve officials that further cooled expectations for an October interest-rate hike.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishCautious Fed remarks cooled expectations of an October rate hike, supporting Treasuries and weighing on the dollar.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01US government bonds rallied.
  2. 02The dollar pulled back from its 18-month peak.
  3. 03Cautious remarks from Federal Reserve officials further cooled expectations for an October rate hike.

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