USD is back where it was

Note: This section contains information in English only.
Source: Dukascopy Bank SA
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 back to levels where it traded before the volatile events.
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Thu, 19 Sep 2024 11:26:03 GMT

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