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US Dollar eases after Fed signals fewer cuts, Trump factor surfaces
Friday, 20 December 2024 01:34 WIB | US DOLLAR |DOLLAR

The US Dollar Index (DXY), which tracks the USD's value against a range of currencies, pulls back from its two-year peak following signals from the Federal Reserve (Fed) about fewer interest rate cuts in the future. Federal Open Market Committee (FOMC) members express concerns about inflation continuing into 2025 and take into account possible "Trump-effect" inflationary policies, such as tariffs and reduced labor supply due to deportations.

The DXY stands at 108.00, with that level acting as support. Despite recent advances, traders are taking profits as they consider Chinese economic data and potential stimulus measures that could slow down the US Dollar's momentu (Cay) Newsmaker23

Source: Fxstreet

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