Friday , 20 September 2024
Home Forex US Dollar on the backfoot with markets pricing in a bigger fed rate cut
Forex

US Dollar on the backfoot with markets pricing in a bigger fed rate cut

The US Dollar (USD) trades very soft again on Friday, set to close out the week with another loss. The decline comes on comments from former Federal Reserve Bank of New York President William Dudley, who mentioned there is still a possibility for a

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Baker Hughes US oil rig count: Unchanged at 488

The recent drop in oil prices hasn't curbed drilling yet but could...

Fed’s Bowman explains dissent. Says she would have preferred a smaller rate cut

Sees progress on inflation and labor market cooling since mid-2023Believes smaller initial...

Morgan Stanley: We expect a string Fed cuts through mid-2025; staying short USD/JPY

Morgan Stanley anticipates a series of 25bp cuts from the Federal Reserve...

AUDUSD dips to moving average support. What next technically?

The AUDUSD moved up and tested a swing level near 0.6823 in...