Dollar Strengthens As Rate Cut Hopes Fade

The dollar has broken above its 200-day moving average for the first time since March.

 

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The dollar has broken above its 200-day moving average for the first time since March, supported by FOMC minutes showing many officials expect to keep rates unchanged through 2025, while hopes for a December Fed rate cut weakened further after the BLS cancelled the October jobs report, leaving markets with less evidence to justify easing.

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