Story perspectives
Dollar Hits Three-Year Low Amid Rate Cut Fears
7/1/2025
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Story summary
- The dollar reached a three-year low against other currencies due to concerns over potential rate cuts.
- ING's Francesco Pesole indicated that forthcoming U.S. data could help stabilize the dollar.
- The nonfarm payrolls report on Thursday is anticipated to reveal a slowdown in job growth.
- This slowdown is unlikely to greatly affect expectations for a July rate cut.
