Wednesday, 27 May 2020
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Dollar rallies as cautious Fed clouds rate-cut outlook
Thursday, 19 September 2019 08:22 WIB | CURRENCIES |DOLLARDolar Indeks Dolar YenDolar ASDolarYen

The dollar stood tall on Thursday after the U.S. Federal Reserve cut rates by 25 basis points, as expected, but its chairman signalled a higher bar for future rate cuts.

The greenback touched a seven-week high of 108.47 against the Japanese yen and stood just below that in Asian morning trade. It also rose on the Swiss franc, hitting a three-month high, and climbed against other major currencies.

The U.S. central bank, on a 7-3 vote, lowered the Fed funds target rate on Wednesday to a range of 1.75% to 2.00% "in light of the implications of global developments for the economic outlook."

Source : Reuters

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