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Dollar Rallies as December Fed Rate Cut Expectations Fade
Yahoo Finance·2025-11-20 04:35

The dollar index (DXY00) on Wednesday rose by +0.65% and posted a 2-week high.  The dollar rallied on Wednesday after the Bureau of Labor Statistics (BLS) canceled the publication of the Oct employment report, which removes key data before next month's FOMC meeting and lowers the chances of a Fed rate cut.  The dollar raced to its high on Wednesday afternoon on the hawkish minutes of the October 28-29 FOMC meeting, which stated that "many" Fed officials favored keeping interest rates steady for the remaind ...