The US dollar remained practically flat at 97.85 on the European morning trade on Thursday, consolidating gains after a 0.65% rally on Wednesday, as Federal Reserve officials warned against hopes of back-to-back interest rate cuts.San Francisco Fed President, Mary Daly, reiterated the view of Chairm
The Federal Reserve (Fed) delivered a quarter-point interest rate cut, in line with market expectations. With the Fed moving to make its first rate cut since last December, investors are immediately pivoting to focus on how many rate cuts the Fed is expected to deliver through the remainder of 2025.
The revision of US employment figures for the period from April 2024 to March 2025 was eagerly awaited, especially after last Friday's US labor market report had come as such a big disappointment.