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The U.S. Dollar recovered sharply after the Federal Reserve cut interest rates by 25 basis points, with markets now focused on the Bank of England's policy decision.
The U.S. dollar strengthened after the Federal Reserve's 25bp rate cut was less aggressive than expected, putting AUD/USD and GBP/AUD in focus.
The EUR/USD currency pair has climbed to a four-year high, driven by U.S. dollar weakness ahead of an expected interest rate cut by the Federal Reserve.
The U.S. Dollar fell to a two-month low against the Japanese Yen after the Federal Reserve cut interest rates by 25 basis points and signaled more cuts.
The U.S. Federal Reserve cut its benchmark interest rate by 0.25%, prompting a brief surge in the EUR/USD to a four-year high before paring gains.
The U.S. dollar and Japanese yen declined as traders anticipate a key interest rate decision from the Federal Reserve, creating distinct trading patterns in major currency pairs.
