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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 USD/JPY pair rose toward 146.80 after the U.S. Federal Reserve cut interest rates by 0.25% and political uncertainty grew in Japan.
The Euro dropped from a yearly high against the U.S. Dollar after the Federal Reserve's 25 bps rate cut was seen as hawkish by markets.
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 British Pound strengthened against the U.S. Dollar after the Federal Reserve cut interest rates by 25 basis points and signaled more cuts are likely in 2025.
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.
