Federal Reserve officials hint that the US dollar's decline will widen after recent interest rate cuts

Golden Finance reported that the US dollar fell to a nine day low against a basket of currencies after Minneapolis Fed President Kashkari hinted that the Fed may soon resume interest rate cuts. San Francisco Federal Reserve Chairman Daly also hinted on Monday that there may be an immediate interest rate cut. The weaker than expected US employment data released last Friday boosted expectations for the Federal Reserve's September interest rate cut. According to LSEG data, the US money market currently expects a 91% chance of a rate cut in September.