Shares sluggish, dollar dips as markets eye Fed rate cuts

Published by
Reuters UK

By Wayne Cole and Lawrence White SYDNEY/LONDON (Reuters) -Shares were generally flat on Monday in thin trading ahead of the U.S. Thanksgiving holiday on Thursday and in the absence of major data releases that could give markets direction, while the dollar slipped against major currencies. Europe’s benchmark STOXX index was down just 0.04%, with U.S. futures looking set to follow suit. The dollar index bottomed out at 103.53, its weakest level since the start of September, as investors appeared to solidify bets that U.S. interest rates have peaked and that the Federal Reserve could start cuttin…

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