market-trendFinprime DeskJune 18, 2025

Dollar Index Slips Below 104 on Rate Cut Bets

The U.S. Dollar Index slipped below 104 for the first time…

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The U.S. Dollar Index slipped below 104 for the first time in three weeks as softer inflation data boosted rate cut expectations. EUR/USD rose to 1.0920 and USD/JPY fell to 155.40. Emerging market currencies rallied broadly, with the Brazilian real and South African rand both gaining over 1%.

Dollar Index Slips Below 104 on Rate Cut Bets | Finprime Pro