India, Aug. 28 -- The U.S. dollar weakened against other major currencies in the Asian session on Thursday, after the Fed official left the door open for an interest rate cut next month.
The president of the New York Federal Reserve (Fed), John Williams, left the possibility of a September interest rate reduction open.
Fed Williams confirmed in an interview that he believes every monetary policy meeting is "live" and that rates will eventually decline. These remarks reinforced support for the USD and raised investor views that a cut in September is a realistic possibility.
The traders remain optimistic the U.S. Fed will cut interest rates at their next meeting in September. They also remain cautious ahead of the release of key U.S. econo...