Rate Cut

XForexTrade Updates

EUR/USD Slips to 1.1550 as Fed Cut Odds Rise and Eurozone Data Falls Short

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The EUR/USD experienced a pullback on Friday, moving down to 1.1560 after previously reaching above 1.1600, coinciding with the stabilization of the U.S. Dollar Index at $99.66. In light of a significant three-day decline in the dollar, rate markets currently reflect an 87% probability of a 25-basis-point cut at the upcoming December FOMC meeting, a … Read more

XForexTrade Updates

GBP/USD Dips to 1.3120 as UK Inflation Falls and BoE Rate Cut

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GBP/USD is experiencing significant selling pressure, currently trading near 1.3120, marking its lowest level in a week. This movement follows a mix of weaker UK inflation data, increasing U.S. yields, and growing domestic fiscal concerns. The pound has experienced a decline for four straight sessions, pulling back from the 1.3190 highs observed earlier this month … Read more