Group 1 - The U.S. dollar strengthened against most major currencies following the Federal Reserve's expected rate cut, which was characterized as a risk-management measure due to a weakening labor market [1][2][3] - The Federal Reserve reduced rates by a quarter point but indicated no urgency for further cuts in the near future, leading to mixed interpretations among analysts regarding the Fed's messaging [2][4] - The British pound initially gained after the Bank of England's decision to hold rates but later fell 0.6% to $1.35515, as the BoE slowed its bond sales from 100 billion pounds to 70 billion pounds [5][6] Group 2 - Analysts expressed divided opinions on the Fed's stance, with Goldman Sachs suggesting the rate cut could be the first of many, while ANZ described the commentary as "not at all dovish" [4] - The euro also experienced a decline, trading 0.2% lower at $1.17893 after reaching its highest level since June 2021 at $1.19185 [6]
Dollar recovers as Fed fails to meet dovish expectations
Yahoo Financeยท2025-09-17 23:50