Dollar on shaky ground as Fed rate cut bets strengthen

6 months ago
19

On Monday, the dollar saw a modest uptick, recovering ground following a three-week decline driven by speculations of imminent interest rate cuts by the U.S. Federal Reserve.

Concurrently, bitcoin surged beyond $42,000, marking its first breach of this level since early 2022.

The dollar index, gauging the currency against six major counterparts, registered a 0.59% increase, reaching 103.71, while the euro experienced a 0.61% dip, settling at $1.0815.

In the realm of cryptocurrencies, bitcoin reached its highest point since April 2022, surpassing $42,100, Reuters reported.

READ MORE: https://finance.yahoo.com/news/dollar-shaky-ground-fed-rate-014253405.html

Links for B.C.

Visit My Website
https://bcbegley.com

Follow Me On Facebook
https://www.facebook.com/B.C.Begley

Subscribe To My Patreon
https://www.patreon.com/bcbegley

Watch Me On YouTube
https://www.youtube.com/channel/UCGoUf-QQTlTN-BIh3ERCE9A

Follow Me On Twitter
https://twitter.com/BC_News1

Watch Me On Rumble
https://rumble.com/c/c-280191

Follow Me On Gab
https://gab.com/BC_Begley

Loading comments...