Markets today: U.S. dollar extends drop; microsoft gains on AI hires - BNN Bloomberg
The dollar extended a decline, with a gauge of greenback strength hitting its lowest level since August, amid speculation the Federal Reserve is nearing the end of its rate-hike cycle.
![Markets today: U.S. dollar extends drop; microsoft gains on AI hires - BNN Bloomberg](https://www.bnnbloomberg.ca/polopoly_fs/1.1380852!/fileimage/httpImage/image.jpg_gen/derivatives/landscape_620/nyse.jpg?#)
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The dollar extended a decline, with a gauge of greenback strength hitting its lowest level since August, amid speculation the Federal Reserve is nearing the end of its rate-hike cycle.