Dollar Eases Due to Possible Fed Rate Cuts

Singapore: The dollar was broadly weaker on Wednesday after a modest but short-lived boost following better-than-expected US retail sales data, as traders focused on the prospect of Federal Reserve rate cuts as early as September.The New Zealand dollar gained 0.35% to $0.6071.Against the greenback, the euro rose 0.06% to $1.0906, while the Australian dollar edged 0.1% higher to $0.6740.The dollar index ticked marginally lower to 104.19.Source: Qatar News Agency