United States Fed Interest Rate Decision below forecasts (5.25%): Actual (5%)

Sep 18, 2024

US Dollar declining ahead of FOMC decision

The US Dollar Index (DXY), which measures the value of the USD against a basket of six currencies, has declined ahead of today's Federal Open Market Committee (FOMC) decision.

EUR/USD spikes on immediate reaction to decline in Fed rate projections and 50 bps rate cut

EUR/USD soared into a fresh high for September after the Federal Reserve (Fed) surprised markets with a full 50 bps rate cut on Wednesday, pushing risk appetite into the high side and sending traders scrambling for the buy button.