Federal Reserve, U.S. dollar
US Dollar declines on Fed rate cut, profit taking
The US Dollar Index (DXY) dipped marginally following the Fed's 25 basis point interest rate cut, currently trading around 104.50. The statement highlighted the Fed's continued commitment to balancing its dual mandate of price stability and maximum employment.
Gold held steady on Wednesday as investors keenly awaited the outcome of a tightly contested U.S. presidential race.
4don MSN
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Donald Trump's plans for tax cuts and tariffs raise questions about much further the Fed might cut.
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