Dollar, Fed
Dollar slips in choppy trading as traders grapple with Fed's giant rate cut
The U.S. dollar slipped in choppy trading on Wednesday as markets grappled with the supersized 50 basis point interest rate cut, as well as the switch to an easing monetary policy stance delivered by the Federal Reserve.
The Fed rate cut affects the US dollar. Should international travelers worry?
The Federal Reserve lowered its key interest rate by a hefty half percentage point Wednesday, moving ahead with its first rate cut in four years. As a result, the value of the dollar abroad fell slightly. Nevertheless, there's no need to rush to the nearest foreign currency exchange bureau if you have a trip abroad planned in the near future.
With the Fed set to cut interest rates, the dollar is losing a bit of its shine with foreign investors
The effect of a declining dollar is likely to be subdued, said economist Eswar Prasad, since other nations are seeing weak economic growth.
Dollar gains ground after Fed delivers bumper 50 basis point rate cut
The dollar dropped after the Federal Reserve on Wednesday cut interest rates by half a percentage point, citing greater confidence that inflation will continue to recede to the U.S. central bank's 2% annual target.
Dollar’s Resilience in Face of Fed Cuts Is Disappointing Traders
Traders betting big on a weaker dollar are facing disappointment — at least for now — as the greenback remains resilient following the Federal Reserve’s half-point interest-rate cut.
Stretch Your Dollar: Where you’ll see relief after Fed cuts interest rates
For the first time in 16 years, the federal reserved slashed interest rates by half a percentage point and this means relief for millions of Americans.
Wall Street droops, dollar edges back after bumper Fed cut
Wall Street's main stock indexes were broadly flat in early trade on Wednesday and the dollar weakened as traders weighed up the odds that the Federal Reserve's expected decision to cut interest rates for the first time in more than four years later in the day delivers a supersized move.
America’s roundup: Dollar slips in choppy trading, Wall Street ends higher, Gold gains, Oil ends higher
Market Roundup US Continuing Jobless Claims 1,829K 1,850K forecast, 1,843K previous US Current Account (Q2) -266.8B -259.0B forecast, -241.0B previous US Initial Jobless Claims 219K 230K forecast,
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Global stocks are mixed as Wall Street's rate cut-fueled rally fades
European markets have opened lower after Asian stocks surged, as a rally driven by the Federal Reserve’s big cut to interest rates fades ...
The Fed's Bold Move Jolts Global Markets
Overseas stocks rallied and currencies strengthened against the dollar after the Federal Reserve kicked off its rate-cutting ...