Dollar Firms as Fed Powell Dismisses Rapid Rate Cuts, EUR/GBP Slips Before Eurozone CPI

Dollar stabilized overnight and is attempting to regain ground following recent losses. The greenback found some support after Fed Chair Jerome Powell’s remarks, where he indicated that Fed is in no rush to implement rapid rate cuts. This has reduced market expectations for a 50bps cut at the November meeting, with the probability falling from […] The post Dollar Firms as Fed Powell Dismisses Rapid Rate Cuts, EUR/GBP Slips Before Eurozone CPI appeared first on Action Forex.

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Oct 5, 2024 - 15:49
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Dollar Firms as Fed Powell Dismisses Rapid Rate Cuts, EUR/GBP Slips Before Eurozone CPI

Dollar stabilized overnight and is attempting to regain ground following recent losses. The greenback found some support after Fed Chair Jerome Powell’s remarks, where he indicated that Fed is in no rush to implement rapid rate cuts. This has reduced market expectations for a 50bps cut at the November meeting, with the probability falling from […]

The post Dollar Firms as Fed Powell Dismisses Rapid Rate Cuts, EUR/GBP Slips Before Eurozone CPI appeared first on Action Forex.

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