After healthcare bill collapse, US dollar hits 10-month low
The US dollar sank to a 10-month low against a basket of major currencies on Tuesday, as the collapse of President Donald Trump@@@s latest healthcare bill eroded confidence in his ability to legislate to boost growth.The Australian dollar was by far the biggest beneficiary, jumping 1.8 percent to more than two-year highs after minutes from a Reserve Bank policy meeting showed it turning more upbeat on the economy.In four weeks dominated by doubts over the Federal Reserve@@@s ability to raise interest rates further, and signs that other major central banks are finally turning more hawkish, the dollar is now down more than 3 percent.The exchange rate with the Israeli shekel now sits at 2.8:1.ByREUTERS06/08/2025 07:57 AMByREUTERS06/08/2025 05:36 AMByMAARIV06/07/2025 02:33 PMByWALLA!06/07/2025 11:18 AMByREUTERS06/07/2025 03:25 AM
