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EURUSD, GBPUSD Soar as Fed Dovishness and Treasury Bill Purchases Weigh on Dollar

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

News Summary

  • The Fed's dovish tone and rate cut led to dollar weakness, boosting EURUSD and GBPUSD to multi-week highs.
  • The Fed's Treasury bill purchases and expectations of further cuts weighed on yields.
  • Cryptos dropped amid risk aversion following disappointing Oracle earnings.
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EURUSD price history

1.15 -1.71% over the displayed period

Advisor Snapshot

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