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Fed's Dovish Shift Sends EURUSD and GBPUSD Soaring as Treasury Bill Buying Supports Dollar Slide

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

News Summary

  • The Fed's dovish tone and rate cut prompted dollar weakness, pushing EURUSD and GBPUSD to multi-week highs, with Treasury bill buying providing supportive liquidity and expectations of further rate cuts next year.
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EURUSD price history

1.16 +0.00% over the displayed period

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