The dollar index (DXY00) on Monday fell by -0.27%. The dollar was under pressure on Monday as the Fed is expected to cut the fed funds target range by -25 bp at the conclusion of the Tue/Wed FOMC meeting. Also, Monday's rally in the S&P to a new record high has dampened liquidity demand for the dollar. In addition, increased expectations for Fed easing through year-end are bearish for the dollar. The dollar added to its losses Monday after the US Sep Empire manufacturing survey of general business conditions fell more than expected to a three-month low. The dollar is also being undercut by concerns over Fed ... (full story)