US Dollar declines as market digests FOMC decision – FXStreet
The FOMC meeting ended with a 50 basis point cut in interest rates to a range of 4.75% to 5.00%. The dot plot suggests a gradual easing cycle implying three rate cuts in 2024. At a press conference, Chairman Powell stressed that the Fed is in no rush. The US Dollar Index (DXY), which measures […]
ForexLive Asia-Pacific FX news wrap: USD/JPY surges in Asia response to FOMC 50bp rate cut – ForexLive
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USD/JPY climbs higher: US dollar bears feeling nervous ahead of the FOMC – ForexLive
USD/JPY rose 154 pips to a high of 142.15 for the day. The pair is showing a strong reversal after hitting a 2024 low of 139.59 yesterday. USDJPY Daily I am a little regretful because yesterday's crosshair reversal was a sign of a turnaround and I had some incentive to pull back with the Fed […]
Scenarios for trading USD around the FOMC meeting – ForexLive
Below is an eFX summary of a note written by Nomura on the Fed and the US Dollar. For banking ideas, Check out eFX PlusFor a limited time, there's a 7-day free trial available. Basic costs $79/month, and Premium costs $109/month. Get it here. — Synopsis: Nomura expects the US dollar to strengthen initially following […]