US Dollar

The US dollar rallied to new highs on Wednesday after the Federal Reserve announced the first rate cut in over a decade. This is slightly unusual. Lower rates often mean a weaker US dollar. The commentary from the Fed is what sent the US dollar higher. The message from the Fed was that this move should not be interpreted as a long-term change to policy. Our team will keep an eye on this situation to see if the dollar will keep rallying.

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