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Fed Hawkishness Boosts Dollar as Yen Slides Near Intervention; Nvidia Lifts Risk Sentiment

Reuters Read original source (opens in a new tab)
The Story

News Summary

  • Fed minutes lowered December rate cut expectations, boosting the dollar and weakening major currencies including EURUSD and GBPUSD.
  • Yen slides sharply amid political concerns and possible intervention, while Nvidia’s strong results hurt safe-haven currencies like the Swiss franc.
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GBPUSD price history

1.35 +0.75% over the displayed period

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