{video} The US dollar has been suffering lately on increasing bets that the Fed will cut rates massively next year. The latest strong hit came from Fed Governor Waller earlier this week, who said that if the decline in inflation continues for several more months, they could start lowering the policy rate. This was the first time a Fed official, and particularly a hawkish one, discussed the possibility of a cut and that’s why market participants added to their rate cut bets, with a 25bps cut now being fully priced in for May and the total number of basis points of rate cuts expected for next year increased from 90 to ... (full story)