Dollar Outlook Dims After Fed Projects Lower Interest-Rate Path
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When Federal Reserve policy makers reduced their outlook for the path of interest rates they may have also lowered the trajectory for the dollar.
The U.S. currency fell for a third week against the euro and reached a seven-month low against the British pound before economic reports next week that are forecast to show halting growth. Futures prices show reduced odds of a central bank interest-rate increase by September, damping demand for dollar-denominated assets.