The greenback was weaker across the board on Wednesday, falling to 1.5863 against the euro and 1.9790 versus the sterling. Commodities and energy rebounded with spot gold firming to $933 per ounce and crude oil rallying to a new high above $111 per barrel at $111.83.
The dollar continues to trade lower amid heightened expectations that the FOMC will cut by 50-basis points at the end of the month to 1.75%. Interest rate differentials will largely dictate currency movements in the coming session, with policy announcements by the ECB and BoE due out early Thursday.
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