Dollar Plunges as Fed Hike Odds Plummet to 33%

The US dollar has fallen to its lowest level in three months as investors reassess their expectations for Federal Reserve interest-rate increases.

Traders now see a reduced chance of a Fed hike next month, with just one-in-three odds, down from about 75% in late July.

The Bloomberg Dollar Spot Index dropped for a third consecutive day and hit its lowest since May 15.