Market News

    Dollar slips lower on dovish Fed expectations; sterling retains strength

    he U.S. dollar slipped lower Wednesday ahead of a likely Federal Reserve rate cut next week, while sterling has maintained its post-budget bounce.

    At 04:30 ET (09:30 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.2% lower to 99.107, set for a decline of well over 8% so far this year.

    Source : Investing.com