Thu, 19 Sep 2024 05:18:27 GMT
USD is back where it was
The United States Federal Reserve has cut interest rates more than the markets expected. The Fed has cut 0.50% instead of 0.25%. The larger than expected USD rate cut initially caused a USD decline, as the demand for USD to pay off loans is set to decrease. However, by the start of Thursday's European trading hours, the Dollar index was