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Dollar slips in choppy trading as traders grapple with Fed's giant rate cut

The U.S. dollar slipped in choppy trading on Wednesday as markets grappled with the supersized 50 basis point interest rate cut, as well as the switch to an easing monetary policy stance delivered by the Federal Reserve.

USA TODAY on MSN · 1d

The Fed rate cut affects the US dollar. Should international travelers worry?

The Federal Reserve lowered its key interest rate by a hefty half percentage point Wednesday, moving ahead with its first rate cut in four years. As a result, the value of the dollar abroad fell slightly. Nevertheless, there's no need to rush to the nearest foreign currency exchange bureau if you have a trip abroad planned in the near future.

Marketplace · 3d

With the Fed set to cut interest rates, the dollar is losing a bit of its shine with foreign investors

The effect of a declining dollar is likely to be subdued, said economist Eswar Prasad, since other nations are seeing weak economic growth.

BlackRock Reveals It’s Quietly Preparing For A $35 Trillion Federal Reserve Dollar Crisis With Bitcoin—Predicted To Spark A Sudden Price Boom

The world's largest asset manager BlackRock has warned "growing concerns" around the spiraling $35 trillion U.S. debt pile ...

7hon MSN

Yen pares losses after BOJ's upbeat views, dollar dogged by rate outlook

The yen pared its losses on Friday as the Bank of Japan (BOJ) sounded optimistic about growth and signalled it will be ...

2don MSN

Dollar Stores Expand Aggressively Even as Sales Shrink

Both Dollar General and Dollar Tree are facing growing competition from Walmart and Target.

20hon MSN

Multi-Million Dollar Texas Stadium Project Gets Green Light

Major League Soccer's ( MLS) third-oldest soccer-specific venue is slated to get a makeover worth almost $200 million, it has ...

2don MSN

Dollar Tree Stock: Could Cutting Losses on Its Decade-Old Gamble Reignite Shares?

Another point to consider is Dollar General's ( DG 1.18%) outperformance since the July 6, 2015, acquisition. It's Dollar ...

Publix in Florida, Kroger in Michigan sold winning billion-dollar Powerball, Mega Millions tickets

Coincidence? Of the 11 times a lottery jackpot hit $1 billion, 2 winning tickets were sold from a beachtown Publix in Florida ...

All the fancy dinnerware items we found at Dollar Tree, starting at just $1.25 apiece

You might think of Dollar Tree as a place to scoop up wallet-friendly gifting essentials, party supplies and the occasional ...

16h

Stock Market Today: Dow tops 42,000, pushes deeper into record territory after Fed's big rate cut

Money-market funds shed $20.02 billion in assets in the past week, according to data from the Investment Company Institute. While balances were still lofty at $6.3 trillion for the week ending ...

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