The dollar weakened as investors anticipate Federal Reserve rate cuts this week, with Trump calling for a “bigger” cut. Traders expect a 25 basis point cut, with a 5% chance of a 50 basis point cut. The dollar index slipped to a one-week low, with the euro advancing. Analysts view the dollar in a bearish trend, awaiting guidance from Fed Chair Powell. Euro unaffected by France’s credit downgrade. Speculative net long positions in the euro against the dollar are strong. Sterling rose to its highest since July. Bitcoin slipped for a third straight session.
Read more at Yahoo Finance: Dollar slips as traders await Fed interest rate decision
