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.
On the other hand, the US dollar (DXY) strengthened after the Federal Reserve’s rate cut. This signals that the central bank ...
Gold prices rose more than 1% on Thursday, helped by a retreat in the U.S. dollar, while the Federal Reserve cut interest ...
The US dollar posted its biggest monthly gain in more than two years as a resilient economy prompts traders to dial back ...
China inflation slowdown signals weaker Aussie dollar demand; softer prices may support an RBA rate cut in December.
The dollar dipped on Monday as investors braced for wide-ranging implications for the global economy this week from the ...
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 ...
Gold prices rebounded from a three-week low on Thursday on the back of a weaker dollar and as investors awaited the U.S.
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