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 No Immediate Rate Cuts: Fed Takes Cautious Stance on Inflation READ MORE ZeroHedge: Rothschild Family Ventures Into Bitcoin READ MORE IMF Cautions Against Premature Rate Cuts by Central Banks READ MORE Striking Gold: Could Miner's Returns Outpace Gold Bullion? READ MORE Market Rebounds on Positive Jobless Data, Boosting Major Indexes READ MORE Add a Comment Cancel replyYour email address will not be published.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