Dollar Index Falls 0.9% After Warsh Comments
The ICE U.S. Dollar Index fell 0.9% in recent trading after Fed Chair Kevin Warsh’s comments bolstered expectations that the Fed will hold rates steady at its October meeting.
The dollar weakened after Fed Chair Kevin Warsh’s limited remarks reinforced market expectations that the Fed will leave rates unchanged at its October meeting. The ICE U.S. Dollar Index, which tracks the currency against a basket of peers, fell 0.9% in recent trading and was on track for its w…