US dollar bills are seen in this photo. ReutersThe dollar started Thursday on the back foot as traders added to bets for a Federal Reserve interest rate reduction next month after New York Fed chief John Williams signaled a cut was possible. The dollar index, which gauges the currency against six major peers, was steady at 98.135, following two days of declines. The dollar slipped 0.11% to 0.8017 Swiss franc, although it ticked up 0.05% to 147.47 yen. On the US monetary front, the Fed's Williams said in an interview with CNBC on Wednesday that "every meeting is, from my perspective, live."

Source: bd News24 August 28, 2025 03:18 UTC