US dollar rally pauses as markets assess Fed policy outlook
Reuters
Oct 15, 2024 8:54 PM IST
US analysts said the dollar's recent uptrend still has some ways to go in the midst of geopolitical and election uncertainty.
The U.S. central bank kicked off its easing cycle with an aggressive 50 basis-point (bp) move at its last policy meeting in September but market expectations have shifted to a slower pace of cuts, boosting the dollar.
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