Dollar Dips On Bank Woes, Fed Eyes Cuts

A selloff in US regional bank shares, triggered by loan fraud allegations, drove Treasury yields lower and contributed to the dollar's soft tone.

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A selloff in US regional bank shares, triggered by loan fraud allegations, drove Treasury yields lower and contributed to the dollar's soft tone. Fed Governor Christopher Waller endorsed a measured 25-basis-point rate cut at the October FOMC meeting, citing tame core inflation and temporary tariff pressures, while signaling further reductions.

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