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The EUR/USD pair soared to a weekly high of 1.0933 on Thursday following the Federal Reserve System’s announcement of three interest rate cuts planned for 2024. These adjustments will reduce borrowing costs by 75 basis points. The interest rate remains at 5.5% annually, its highest in 23 years, and has been unchanged for five consecutive […]

The post EUR/USD Soars Following Fed’s Decision on Interest Rate Cuts appeared first on Action Forex.

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