The dollar index (DXY00 ) Wednesday rose by +0.05%. The dollar Wednesday recovered from early losses and climbed to a 1-week high after the as-expected US Aug core CPI report diminished the chances of a 50 bp rate cut by the Fed at next week’s FOMC meeting, a supportive factor...Dollars and Wallets - Polygonal vector illustration of the dollar and euro symbols by Vladyslav Severyn via Shutterstock
Dollar Sees Support From Reduced Chance of 50 bp Fed Rate Cut Next Week
Written on 09/16/2024