Reported about 3 hours ago
The U.S. dollar remained steady following a drastic fall to a 3.5-year low before rebounding strongly amid market reactions to the Federal Reserve's rate cut. The Fed's projected future cuts, indicating a measured approach to further easing, initially pressured the dollar. However, increased uncertainty regarding inflation risks and the Fed's risk-management stance contributed to a pullback in the dollar. Meanwhile, the euro and the sterling showed fluctuations around their resistance points as central banks prepare for their respective policy announcements.
Source: YAHOO