Dollar Dips as U.S. Fed Rate Decision Looms

INSUBCONTINENT EXCLUSIVE:
On Monday, the U.S
dollar saw a minor decrease, continuing its recent slump amid global currency weaknesses.This week, investors are keenly observing crucial
the market, auctioning up to 12,000 traditional foreign exchange swap contracts to extend the maturity set for July 1, 2024.By the close of
closest future dollar contract had decreased by 0.10%, reaching 5.120 points.Dollar Dips as U.S
Fed Rate Decision Looms
(Photo Internet reproduction)Commercial Dollar Rates:Selling: R$ 5.115Buying: R$ 5.114Tourist Dollar Rates:Selling: R$5.325Buying: R$
Expectations are leaning towards a potential delay in U.S
interest rate cuts due to recent challenging inflation figures.In addition, Federal Reserve Chair Jerome Powell has noted that future
decisions will hinge on the incoming economic data.Market projections indicate the Fed will likely keep interest rates between 5.25% and
November.Additionally, there is heightened alertness in the markets regarding possible interventions by Japanese authorities to address the
There could be potentially significant impacts on international financial stability and economic forecasts.