Aug 17, 2026
✦Business Line
Dollar weakens as traders pare Fed rate-hike bets: Markets Wrap
The dollar fell against most major peers as weak US economic data reduced bets on a Federal Reserve interest-rate hike. Retail sales fell in July by the most in over a year. Richard Franulovich said, "Regular Trump-Warsh dialogue and a murky Fed reaction function keep questions about the dollar alive."