U.S. Dollar Under Pressure as Weak Economic Data Dims Rate-Hike Expectations

The U.S. dollar continued to face pressure in global markets as softer-than-expected economic indicators lowered expectations of another interest-rate hike by the Federal Reserve. The recent weakness in the dollar has also increased investor interest in gold, which is often viewed as an alternative asset when the U.S. currency loses strength. Market participants are now closely watching upcoming economic data and Federal Reserve signals for further direction on the dollar and interest rates.