Category: Fedinspired
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Dollar bounces after Fed-inspired losses; sterling gains ahead of BoE By Investing.com
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The U.S. dollar rose slightly on Thursday, recovering from its lowest level in more than a year after the Federal Reserve announced a large interest rate cut, while sterling rose ahead of the Bank of England’s latest policy meeting. At 04:25 ET (08:25 GMT), the dollar index, which tracks the…
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Dollar steadies after Fed-inspired losses; sterling weak ahead of BOE By Investing.com
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The U.S. dollar edged higher in early European trade on Thursday, recovering from heavy losses in the previous session after the Federal Reserve opened the door to a September interest rate cut, while sterling fell ahead of the Bank of England’s latest policy meeting. At 05:45 ET (09:45 GMT), the…