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22.09.202512:19:50UTC+00Dollar Pulls Back, Ending 3-Day Streak

The dollar index fell below 97.5 on Monday, ending a three-day rise, as investors looked ahead to statements from various Federal Reserve officials throughout the week to gauge the future direction of monetary policy. The previous week saw the Federal Reserve reduce the funds rate for the first time in this calendar year and indicate the possibility of an additional 50 basis points cut. However, Fed Chair Jerome Powell cautioned that this action should not be interpreted as the beginning of an extended period of easing. Market participants will also be closely monitoring Friday's Personal Consumption Expenditures (PCE) report to gain updated insights into inflation trends. The U.S. dollar experienced its most significant weakening against the euro, Canadian dollar, and British pound, while it maintained stability against the Japanese yen and Swiss franc.

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