Dollar Falls, Gold Jumps on Improving Fed Rate Cut Chances
The dollar index (DXY00) is down -0.35% today. The dollar is falling after weaker-than-expected US economic news on September retail sales and the September core PPI reinforced the chances of a Fed rate cut at next month’s FOMC meeting. Additionally, falling bond yields have weakened dollar interest rate differentials after the 10-year Treasury yield fell…