Dollar Extends Slide as Fed Warsh Refuses to Revive October Hike Bets

The Dollar extended its broad-based decline on Friday as Federal Reserve Chairman Kevin Warsh offered no indication that another rate hike was becoming more urgent at the October 27–28 FOMC meeting, despite hotter-than-expected CPI and PPI reports. According to CME FedWatch, the probability of an October hike dropped from 27.7% to 16.1%, while the Dollar Index fell toward 101.69. The post Dollar Extends Slide as Fed Warsh Refuses to Revive October Hike Bets appeared first on ActionForex.