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International

The most expensive dollar for 2 years after Fed cuts

12:03

The most expensive dollar for 2 years after Fed cuts
source: Pixabay

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)

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