US Dollar weakens against major currencies with speculation of Fed rate cut in July

From Investing.com: 2025-07-02 05:56:00

The dollar continued to slide against major currencies as Fed Chair Powell hints at a potential rate cut in July. Trump’s tax-cut bill passes Senate, pending final vote in the House. US JOLTS job openings and ISM manufacturing PMI show improvement. Wall Street pauses uptrend, gold rebounds as investors await further data. Eurozone inflation hits ECB target, US data show signs of improvement. Stocks pull back slightly, but overall uptrend remains intact. Gold extends rebound on weakening dollar and expectations of rate cuts.



Read more at Investing.com: US Dollar Under Pressure Amid Trump Push and Fed Cut Speculation