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The U.S. Dollar is trading weaker as markets anticipate Federal Reserve interest rate cuts, with some banks predicting multiple reductions this year. Tomorrow’s Fed meeting is expected to deliver the first cut, but the tone will be key—whether it signals further easing or caution. Deutsche Bank forecasts three consecutive 25 basis point cuts, though Fed Chair Powell’s comments could challenge this outlook. Meanwhile, the Euro is recovering slightly, gaining nearly a quarter of a percent against the Dollar, supported by inflation data from France (4.1 percent) and Germany (3.8 percent). Markets await clarity on the Fed’s direction and its impact on global currencies.
