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TRENDING/ US 30-year mortgage rate falls to two-year low | Amazon raises pay of US hourly workers | Fed slashes rates by 50 bps |
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  • Dollar declines after Fed cuts rates; Sterling, Aussie, and Norwegian Krone lead

Published 18:01 IST, September 19th 2024

Dollar declines after Fed cuts rates; Sterling, Aussie, and Norwegian Krone lead

Before the Fed's announcement, markets expected a 65% chance of a 50 basis point cut, while economists forecasted a 25 basis point reduction.

Reported by: Business Desk
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Dollar hits yearly low against euro
Dollar hits low | Image: Unsplash
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18:01 IST, September 19th 2024