Saturday , 23 November 2024
Home Forex EUR/USD spikes on immediate reaction to decline in Fed rate projections and 50 bps rate cut
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EUR/USD spikes on immediate reaction to decline in Fed rate projections and 50 bps rate cut

EUR/USD soared into a fresh high for September after the Federal Reserve (Fed) surprised markets with a full 50 bps rate cut on Wednesday, pushing risk appetite into the high side and sending traders scrambling for the buy button.

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