Asian currencies cautious after Fed rate cut
after close1 source ↓written by the desknot a recommendation
- 3.50-3.75%
- post-announcement
- 0.1%
Most Asian currencies traded cautiously following the Federal Reserve's rate cut of 25 basis points, now at 3.50-3.75%. The Australian dollar declined due to weak jobs data, while the Indian rupee approached record lows amid capital outflows. The US Dollar Index fell 0.1% post-announcement, indicating mixed market sentiment.
Not investment advice. For informational purposes only.