US Dollar Near Two‑Week Low as Fed Rate Outlook Weakens

The U.S. dollar slipped close to its lowest level in two weeks after weaker U.S. payroll data reduced expectations of further Federal Reserve interest‑rate hikes. The dollar index fell, with EUR/USD at 1.1418 and GBP/USD at 1.3330, while USD/JPY traded around 162.2‑162.3 after a brief rise.

Gold prices showed mixed movement. One report noted spot gold rising to about $4,132 per ounce and gram gold at 6.212 TL as U.S.–Iran peace talks lifted risk sentiment. Another report, ahead of the Fed meeting, recorded a 0.9% drop in spot gold to $4,127 per ounce and a 0.8% fall in gram gold to 6,125 TL, reflecting investor profit‑taking and uncertainty over the Fed’s decision.

Analysts highlighted that the yen’s proximity to the 162.8 level could prompt Tokyo to intervene, and that the Fed’s post‑meeting statement will be crucial for both the dollar and safe‑haven assets such as gold.