Federal Reserve decided to cut interest rate by 25 bp to 2.00% from 2.25% in line with market expectations.
Additionally dot plot shows that 7 FOMC members see one more cut this year, however median drops only to 1.9%. Dollar is stronger after the decision.
Daily Summary: The dollar in retreat, even as tensions in the Middle East escalate 🚨
EURUSD reverses its technical trend 💡
Canadian CPI slightly higher than expected 🔼 USDCAD reacts
Chart of the day: EURUSD eyes 1.1600! The dollar season is over?