EUR/USD tumbles as Powell delivers ‘hawkish cut,’ dials back December easing bets

Published 1 week ago Negative
EUR/USD tumbles as Powell delivers ‘hawkish cut,’ dials back December easing bets
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EURUSD.FOREX Euro / US Dolla...
EUR/USD slid on Wednesday over 0.43% as the Federal Reserve delivered a “hawkish cut” after Fed Chair Jerome Powell said that “rate cut in December is far from foregone conclusion.” At the time of writing, the pair trades near weekly lows of 1.1601 with traders eyeing monthly lows of 1.1542.

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