💨 Abstract

The dollar weakened against major currencies on Tuesday, with the euro and pound gaining slightly, as investors re-evaluated the outlook for U.S. interest rate cuts. The Fed is expected to continue with its usual quarter-point cuts, and markets are no longer fully pricing in a rate cut in November. The yen gained as geopolitical tensions led investors to seek safe havens. Investor focus this week will be on U.S.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖