Dollar Gains, Fed Rate Cut Chances Drop
Update: 2025-11-18
Description
The dollar gained strength this week, driven by a surprisingly robust manufacturing report and Federal Reserve officials hints of keeping interest rates steady. The US Empire manufacturing survey soared to a one-year high, bolstering the dollars value. However, Fed Governor Christopher Wallers call for a rate cut due to labor market concerns offered some resistance. Meanwhile, the euro faced headwinds from a weak GDP report and ECB officials financial stability risks comments, despite a positive growth forecast. The Japanese yen weakened to a nine-and-a-half-month low due to a weak GDP report and economic concerns.
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