The US dollar falls to a three-month low as market expectations for the Fed's interest rate hikes decline
2026-08-17 18:24:08
According to CoinMeta, and as reported by Cailian News, the US dollar has fallen to a three-month low. A series of weak US economic data has led investors to reduce their expectations for a Federal Reserve interest rate hike. The Bloomberg Dollar Spot Index has declined for the third consecutive trading day, reaching its lowest level since May 15. The market's perception of the probability of a Fed interest rate hike next month has dropped to one-third, down from around 75% at the end of July.
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Source:Internet
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