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EURUSD Soars After Fed 25bp Cut; Dollar Rebounds on Powell Meeting-by-Meeting Comments

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The Story

News Summary

  • The Fed cut rates 25bp and signaled two more cuts, briefly pushing the dollar lower versus the euro before Powell’s cautious remarks supported the greenback; BoC also cut 25bp, weakening the Canadian dollar.
  • Markets saw mixed, choppy reactions across FX.
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Stored market data

EURUSD price history

1.15 -1.71% over the displayed period

Advisor Snapshot

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