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Dollar falls below 2-1/2 month high on soft US services data, rate pause expected at Fed meeting

The US dollar has fallen from its 2-1/2-month highs due to weak US services data, leading to expectations of a rate pause at the Federal Reserve's meeting next week. The Reserve Bank of Australia's policy decision is also being closely watched, with analysts and investors divided on whether the central bank will hike or hold.

Bitcoin has fallen towards the $25,000 mark after US regulators sued Binance, the world's largest cryptocurrency exchange. The Federal Open Market Committee (FOMC) is set to make a policy decision on June 14, with markets predicting a 77% chance of the Fed standing still, up from 36% a week earlier.

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    1.Fed Governor Bowman: Be cautious about rate cuts

  • Fed Governor Bowman: Be cautious about rate cuts

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