Economy Country October 25, 2024

Dollar Stabilizes Amid Lower Fed Rate Cut Expectations

The dollar has stabilized overall, heading towards new weekly gains supported by lower expectations for significant cuts in U.S. interest rates.


Dollar Stabilizes Amid Lower Fed Rate Cut Expectations

On Friday, the dollar exchange rate remained stable overall and is heading towards new weekly gains, supported by a reduction in Federal Reserve rate expectations...

According to analysts, these expectations have decreased due to data on rising inflation in the U.S., which delays a decline in expected rates. "The dollar is being evaluated based on changes in various economic indicators, and in this case, the data on inflation softened the risks of a decline in rates," one of the experts noted.

At the moment, the dollar is trading steadily compared to other major currencies, and, judging by everything, it is positioned to cement the positive trend of this week.