US Dollar declines on Fed rate cut, profit taking
The US Dollar Index (DXY) dipped marginally following the Fed's 25 basis point interest rate cut, currently trading around 104.50. The statement highlighted the Fed's continued commitment to balancing its dual mandate of price stability and maximum employment.
Dollar index trades at 103.144, hovering near key support levels, with Fed caution boosting short-term strength. Euro dips to $1.0885 as expectations for an ECB rate cut pressure the currency ...
Gold prices rose more than 1% on Thursday, helped by a retreat in the U.S. dollar, while the Federal Reserve cut interest ...
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Trump Win Wreaks Havoc on Global Rate-Cut ExpectationsThe upshot could be a stronger dollar and reduced scope for developing nations to ... In Europe, Goldman Sachs penciled in ...
(Bloomberg) -- Treasury yields climbed and the dollar hit a two-year high ahead of key inflation ... the inflation data ...
Gold held steady on Wednesday as investors keenly awaited the outcome of a tightly contested U.S. presidential race.
Treasury yields — or market interest rates — spiked, while the dollar has rallied against major currencies, partly as ...
On the other hand, the US dollar (DXY) strengthened after the Federal Reserve’s rate cut. This signals that the central bank ...
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