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 ...
Majors cryptocurrencies are surging as a bullish backdrop gives traders reason to set a $100,000 price target for BTC in the ...
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US Fed rate cut triggers GCC ripple effect – here’s what it meansThe Fed cut interest rates by 25 basis points as policymakers ... The Gulf’s oil and gas exporters generally follow the ...
"All that will significantly reduce the Fed's interest-rate cut potential," she said. "In this scenario, a clear and dynamic positive reaction would be expected on the dollar's side." ...
The Fed's rate cuts may be overshadowed by rising bond yields and a strong dollar, driven by concerns over Trump's fiscal ...
The dollar slid on Monday as investors braced for a potential pivot this week for the global economy as the United States chooses a new leader, and as it likely cuts interest rates again with major ...
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