The dollar index (DXY00) fell to a 2-week low today and is down by -0.29%. The dollar is falling today on speculation that the reopening of the US government will allow the release of delayed economic reports that may show a weakening US economy, prompting the Fed to keep cutting interest rates.
Losses in the dollar are limited after hawkish comments from the Fed, following Boston Fed President Susan Collins and Cleveland Fed President Beth Hammack, who said they favor keeping interest rates steady. Also, the weakness in stocks today has boosted some liquidity demand for the dollar.
