Friday , 8 November 2024
Home Forex US Dollar steadies after wild ride, with Powell shrugging off politics
Forex

US Dollar steadies after wild ride, with Powell shrugging off politics

The US Dollar (USD) stablizes around the mid-104.00 region on Friday after founding support as investors digest the Federal Reserve’s (Fed) decision to lower its monetary policy rate by 25 basis points to the 4.50%-4.75% range on Thursday.

Leave a comment

Leave a Reply

Your email address will not be published.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

Related Articles

The optimism in the Chinese market yesterday was baffling

I don't know what people were thinking with the Chinese market and...

Canada October employment change +14.5K vs +25.0K expected

Prior month +46.7KUnemployment rate 6.5%vs 6.6% expected (prior 6.5%)Full-time employment +25.6K vs...

What technicals are driving the major currency pairs to start the US sessoin

The major indices are set to open mixed/lower after the broader S&P...

BOE’s Pill: There is scope fore more rate cuts if disinflation continues

Looking at wages, margins and labour market tightnessTo a large extent, we...