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Dollar Steady as Investors Await Powell; Rupee Hits Record Low

9/24/2025

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Story summary
  • The dollar held steady as investors awaited remarks from Federal Reserve Chair Jerome Powell.
  • The Swedish krona rose after the Riksbank's 25-basis-point cut with a hawkish tilt.
  • Euro zone activity rose to a 16-month high. France contracted.
  • The Indian rupee fell to a record low against the dollar amid visa hikes.
  • Gold rose to $3,790.82 per ounce amid geopolitical uncertainties.