US EditionPost-FOMC Weakness: U.S. Dollar Breakdown Continues After 25bps Cut (null:DXY)
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The dollar returned to 98 points in the DXY index (-0.59%), while emerging currencies were strengthening. Photo: ©Sersol via Canva.com The US dollar recorded a decline in the Colombian market, reacting to the new approach of the US Federal Reserve. The closing price was set at $3,800,60, a value lower than $38.7 yesterday's last record, which was $3,839,30. The currency opened the day at $3,820 and quickly adopted a bearish direction, moving bet…
Post-FOMC Weakness: US Dollar Breakdown Continues After 25bps Cut - ActionForex
The US Dollar took a hit following yesterday’s Fed decision, driven by mechanical flows typical after a rate cut. Given the rally to new cycle highs over the past two months, current outflows aren’t surprising—benefiting not just the majors, but especially exotic currencies. Prior to the meeting, the Dollar had held relatively strong despite a […] The post Post-FOMC Weakness: US Dollar Breakdown Continues After 25bps Cut appeared first on Action…
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