DOLLAR UNDER PRESSURE DUE TO FEDERAL RATE CUT EXPECTATIONS

Highlights:

• US dollar stayed stable today as the Federal Reserve expected to cut interest rates.
• The dollar index, against the basket of six currencies, is gone down by 0.2 percent and is at 99.19.
• The yen surged by 0.2 percent from the last session and settled at 110.53 per dollar.

The U.S. dollar remained stable today. This came amid the expectations that the Federal ....