Dollar Rebounds Amid Fed Rate Cut Expectations and Easing Prospects
TL;DR Summary
The U.S. dollar stabilizes at four-year lows ahead of the Federal Reserve's decision on interest rates, with markets anticipating a 25 basis point cut amid strong retail sales and GDP growth, while global markets react to U.S.-China trade developments, UK-US tech ties, and currency movements.
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- Pre-FOMC USD Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY FOREX.com
- Dollar Slides and Gold Rallies to a Record High on Fed Easing Prospects Yahoo Finance
- Dollar declines as markets brace for a Fed rate cut-Currency Recap Seeking Alpha
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