On Monday, the U.S. dollar stayed the same against major currencies. This is because the market is cautious ahead of speeches by several Federal Reserve officials this week. People who invest are trying to figure out if the Fed will signal more rate cuts after it unexpectedly cut rates earlier this month. The British pound fell to $1.3453, its lowest level in two weeks.
The Japanese yen also fell, and the euro fell a little. Experts say that the dollar’s strength shows that traders are being careful and that there is uncertainty in global markets. Inflation is slowing down, but growth is still uneven. The Fed’s next comments could change what people think about U.S. monetary policy until the end of 2025.