Research & Analysis

Currency Markets React to Rate Cut Expectations

  • 2024-09-25
  • Share On:

✅EUR/USD approaches 1.1195 as the US Dollar weakens due to expectations of a large Fed rate cut in November
✅Markets pricing in 56% chance of another 50 bps Fed rate cut in November, 44% chance of 25 bps cut
✅ECB expected to continue reducing rates through first half of 2025 to 2-3% range, according to governing council member Klaas Knot
✅Gold price lacks clear direction, caught between China stimulus optimism and potential increased Chinese demand
✅GBP/USD outlook remains positive, supported by weak US data and risk-on sentiment
✅Markets pricing over 75% chance of 50 bps Fed rate cut in November 

 

Recently Blog


© 2023 Forex Source.