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.
Gold prices rose more than 1% on Thursday, helped by a retreat in the U.S. dollar, while the Federal Reserve cut interest ...
On the other hand, the US dollar (DXY) strengthened after the Federal Reserve’s rate cut. This signals that the central bank ...
The US dollar posted its biggest monthly gain in more than two years as a resilient economy prompts traders to dial back ...
The dollar dipped on Monday as investors braced for wide-ranging implications for the global economy this week from the ...
Majors cryptocurrencies are surging as a bullish backdrop gives traders reason to set a $100,000 price target for BTC in the ...
Gulfbusiness.com on MSN2d
US Fed rate cut triggers GCC ripple effect – here’s what it meansMost central banks of the Gulf Cooperation Council (GCC) cut key interest rates on Thursday ... exporters generally follow ...
China inflation slowdown signals weaker Aussie dollar demand; softer prices may support an RBA rate cut in December.
Treasury yields — or market interest rates — spiked, while the dollar has rallied against major currencies, partly as ...
The Associated Press on MSN3d
Fed to Cut Interest Rates to Address Inflation, Amid Uncertainty After Trump’s ElectionThe Fed has long guarded its status as an independent institution able to make difficult decisions about borrowing rates, free from political interference. Yet during his previous term in the White ...
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