EUR/USD loses 1.08 after Fed interest rate call delivers quarter-point cut
EUR/USD trimmed its wick on Thursday, easing back below the 1.0800 handle after the Federal Reserve (Fed) delivered a widely-anticipated 25 bps rate trim. With November’s rate call firmly in the bag, rate traders and global markets will immediately pivot to a wait-and-see for December 18, when the Fed is hoped to slap one more quarter-point rate cut on the table to round out the year’s Fed rate action.
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