The Dollar Index (DXY) found support at 98.000 following November’s weak payrolls report, which confirmed ongoing labor market softness but was not weak enough to prompt an early Fed rate cut.
The Dow Jones Industrial Average (DJIA) climbed on Wednesday after the Federal Reserve (Fed) delivered its third straight quarter-point rate cut, lifting the Dow by over 1.2% and nudging the S&P 500 higher while the Nasdaq hovered near flat.
United States (US) President Donald Trump criticizes Federal Reserve (Fed) Chair Jerome Powell, in an interview with Politico during the European trading session on Tuesday, for not reducing interest rates, calling him "not a smart person".