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EURUSD Soars on Fed Rate Cut Bets; GBPUSD Advances After UK Budget Surprise

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

News Summary

  • Global stocks rose for the fourth consecutive day amid increased expectations of a December Fed rate cut.
  • Sterling strengthened after UK budget surprises, while the euro gained versus the dollar.
  • Strong US economic data and dovish Fed comments fueled market optimism.
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EURUSD price history

1.15 -0.86% over the displayed period

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