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Dec 18 - 03:55 PM

EUR/USD - Fed Delivers Hawkish Cut; Yields, US$ Rally

By Christopher Romano  —  Dec 18 - 02:15 PM
  • Fed cut by 25bps as expected, longer run FF rate up to 3.0% from 2.9%

  • Fed policy makers see PCE & GDP higher than September's projections

  • Projections show stronger growth and inflation for 2025

  • Yields US2YT=RR rallied sharply and took the US$ with it

  • Stocks ESv1, gold XAU= dropped; USD/CNH rallied to 7.3120

  • EUR/USD hit a 1-month low, traded 1.04145on EBS, down -0.71%

  • November monthly low in focus; falling RSIs imply downward momentum

  • For more click on FXBUZ

Source:
London Stock Exchange Group | Thomson Reuters

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