Fed Rate Hike Expectations Weaken, Dollar Posts Worst Performance in Six Weeks

The remarks by Federal Reserve Chairman Waller failed to boost the dollar, with the Bloomberg Dollar Spot Index dropping 0.4% on Friday, expected to record its worst weekly performance since September 4. The dollar weakened against most major currencies, with the euro rising. Waller did not comment on monetary policy at the International Monetary Fund annual meeting, leading investors to cut bets on a rate hike by the Fed this month.

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