Currencies Rally Against Dollar as Fed Rate Cut Expectations Grow The pound reached its highest level against the U.S. dollar in over two years, while other major currencies also gained ground as oil prices stabilized. This shift reflects investors’ expectations of imminent U.S. interest rate cuts, with the Federal Reserve’s September meeting in focus. The contrast between the Fed’s dovish stance and the Bank of England’s more cautious approach has supported sterling’s rise. Meanwhile, the euro remained near a 13-month high against the dollar, though some analysts suggest consolidation may be due. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Gold Market Holds Breath: Powell Speech and Payrolls Report in Focus READ MORE Dollar's Decline Fuels Gold's Advance; All Eyes on U.S. Economic Data READ MORE Gold Prices May Hit $3,000 by Late 2025, Says BofA READ MORE Strong Economy May Delay Fed Rate Cuts Amid Inflation Concerns READ MORE Japan's Corporate Goods Prices Hit Record High as Import Costs Surge READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment