The US Dollar Index (DXY) churned after the Federal Reserve (Fed) delivered a widely-anticipated 25 basis point interest rate cut on Wednesday.
The US Dollar (USD) is running into today’s Fed decision slightly firmer but off its best levels as the DXY remains capped around the 99 level, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
EUR/USD registers modest gains on Tuesday, yet it remains trading within familiar levels amid the lack of catalysts as the US government remains shut. However, upbeat news regarding the US-China trade war, weakened the Dollar and boosted the Euro. The pair trades at 1.1654, up 0.09%.