Dollar on Back Foot as Traders Eye Series of Fed Rate CutsTokyo, 16 Sep (ONA) — The US dollar today sank to a 2-1/2-month low against the euro with investors cemented bets for a Federal Reserve interest rate cut this week. The greenback changed hands just shy of a more than two-month low on the British pound while the euro was little changed early in Asia’s morning, changing hands at $1.1765. Sterling was steady at $1.3605 after reaching $1.3621 in the previous session for the first time since 8 July 2025. The Australian dollar held firm at $0.6672 and the US dollar was flat at 147.42 yen.— Ends/Khalid
