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.
The Federal Reserve cut interest rates by 0.25% on November 7. More interest rate cuts are likely through the end of 2026.
The Associated Press on MSN7d
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