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Dollar tried to rebound overnight after markets pared back expectations for a December Fed rate cut, but momentum faded quickly in Asia. Optimism over a thaw in U.S.–China relations quickly reversed the rally attempt. Fed’s three-way split decision to cut the federal funds rate by 25bps to 3.75–4.00% was interpreted as slightly more hawkish than […]

The post Dollar Rebounds on Hawkish Fed Cut, Momentum Capped by Trade Optimism appeared first on Action Forex.

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