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Attorney General Bondi suggesting Ms. Cook may have committed a criminal offense by allegedly falsifying bank documents and property records to acquire more favorable loan terms.The dollar initially moved higher today after EUR/USD fell to a 1-week low when ECB President Lagarde said she sees slower growth in the Eurozone.  The weakness in stocks today has also boosted some liquidity demand for the dollar.  In addition, the dollar has support due to speculation that last week's stronger-than-expected July PPI report could keep the Fed from cutting interest rates at next month's FOMC meeting, as expectations for a -25 bp Fed rate cut in September fell to 84% area from 93% before the report.Dollar Recovers as Stocks FalterSigns of Peace Progress in Ukraine Boosts the Euro and Weighs on the DollarWhat Will Powell Reveal About Interest Rate Cuts on August 22? And How Will Markets React?Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else.Federal funds futures prices are discounting the chances for a -25 bp rate cut at 84% at the September 16-17 FOMC meeting and at 55% for a second -25 bp rate cut at the following meeting on October 28-29.EUR/USD (^EURUSD) today is up by +0.09%.  The euro recovered from a 1-week low today and turned higher after the dollar retreated when President Trump said Fed Governor Lisa Cook "must resign" now due to allegations of mortgage fraud.The euro initially moved lower today on comments from ECB President Lagarde, who said the Eurozone economy is likely to see slower growth this quarter, with questions over global trade remaining despite recent trade deals with the US reducing uncertainty.President Trump is pushing for a summit between Presidents Putin and Zelenskiy soon, and European leaders are discussing a plan to send British and French troops to Ukraine as part of a peace agreement.  The outcome could have macroeconomic implications regarding tariffs and oil prices, and could, of course, have significant consequences for European security.Swaps are pricing in a 7% chance of a -25 bp rate cut by the ECB at the September 11 policy meeting.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,393.75 +5.50 (+0.09%)Dow Futures44,915.00 +61.00 (+0.14%)Nasdaq Futures23,226.00 +6.25 (+0.03%)Russell 2000 Futures2,287.40 +6.80 (+0.30%)VIX16.60 +0.91 (+5.80%)Gold3,378.70 -2.90 (-0.09%)PortfolioSign in to access your portfolioSign inTop gainersXPEV XPeng Inc. 22.75 +2.38 (+11.68%)TLX Telix Pharmaceuticals Limited 12.09 +1.12 (+10.21%)YMM Full Truck Alliance Co. 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