Forex
Dollar Under Pressure as Markets Weigh US Policy Signals
The US dollar is under pressure as investors shift focus to upcoming policy decisions from the Federal Reserve and the White House.
A softer dollar typically benefits emerging market currencies, commodities priced in dollars such as oil and gold, and multinational corporations with overseas earnings. However, importers may face higher costs for goods priced in foreign currencies.
The dollar index has edged lower by 0.2% to 10:00 AM ET, reflecting a cautious mood in the FX market.