The most expensive dollar for 2 years after Fed cuts
12:03
Paradoxically, the easing of monetary policy overseas brought not a weakening but a strengthening of the dollar. The USD / PLN exchange rate is the most expensive since over 2 years.
The session of the Federal Open Market Committee was the most awaited event of July, and the probability of a reduction in interest rates, measured by investors' engagement in forward contracts on US federal funds, was 100 percent. Indeed, interest rates have been reduced by 25 basis points.
(ISBnews)