The dollar weakened against the euro, hitting near four-year lows. Optimism around U.S. trade deals increased bets for Federal Reserve rate cuts. The greenback also fell against the sterling and Swiss franc. Investors are closely watching U.S. payroll data and Trump’s tax-cut bill. Trade developments will likely drive the dollar’s performance this week. The Australian dollar saw a slight increase.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets