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EURUSD Soars on UK Budget Optimism and Rising US Fed Rate Cut Bets

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

News Summary

  • Sterling strengthened after UK budget forecasts improved fiscal outlook despite tax hikes, while US rate cut bets boosted global stocks.
  • The Bank of Japan may hike rates soon, and NZ cut rates but ended easing guidance.
  • Oil stabilized amid Ukrainian peace talks; cautious optimism drives forex and equity markets.
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EURUSD price history

1.16 +0.00% over the displayed period

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