Dollar Plunges, Gold Rebounds as Fed Rate Cut Chances Improve
The dollar index (DXY00) fell -0.44% on Tuesday. The dollar is falling after weaker-than-expected US economic news on September retail sales, September core PPI and weekly ADP employment bolstered 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…