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 Safe-Haven Appeal Drives Gold Over $2,400 READ MORE S&P 500 Nears Record High, Metals Shine Amid Dollar Dip READ MORE FTX Alum Buys Titanic's Gold Watch for Record $1.5 Million READ MORE U.S. Jobless Claims Hit 11-Month High Amid Labor Market Volatility READ MORE Fed's Tightrope Walk: Balancing Inflation Control and Job Market Stability READ MORE Add a Comment Cancel replyYour email address will not be published.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