Reported 18 days ago
The dollar weakened ahead of the Federal Reserve's expected interest rate cut, while traders adjusted their positions following Donald Trump's election victory. As focus shifts to Fed Chair Jerome Powell's remarks on the elections' influence on future monetary policy, analysts speculate on potential impacts on inflation and growth. Meanwhile, the Bank of England's recent rate cut saw the pound rise, despite political turmoil in Germany. Other currencies also saw fluctuations, with the dollar dipping against the yen and the euro, while Bitcoin experienced a minor decline.
Source: YAHOO