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 Navigating Uncertainty: The Case for Gold and Bitcoin READ MORE Consumer Sentiment Gap Raises Recession Fears READ MORE Traders Increase Bets on September Fed Rate Cut Following Inflation Report READ MORE BullionStar Perspectives – Lawrence Lepard – Fiat Endgame – Reinforces need for Sound Money READ MORE Dimon Warns: US Economic Outlook Uncertain, Recession Risk Lingers READ MORE Add a Comment Cancel replyYour email address will not be published.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