Dollar rises as Fed sees no rush to cut rates
From Yahoo Finance: 2025-03-19 22:02:00
The dollar strengthened post-Fed comments on interest rates and uncertainty over U.S. tariffs. Swiss franc weakened after SNB rate cut, while Swedish krona softened. Euro lower at $1.0852 against the dollar after Fed’s steady rates and two expected cuts. U.S. data tempers worries over slowing growth, leading to dollar reassessment.
Investors cautious ahead of April 2 tariff deadline. Morgan Stanley recommends closing long EUR/USD and GBP/USD positions. UK inflation challenges BoE’s rate decisions, pound hits four-month high then retreats. Swiss franc falls after SNB rate cut, Sweden maintains interest rate, yen weakens, Australia and New Zealand currencies drop.
Bitcoin down 1.5% to $84,056. Eurozone uncertainty influences pound. BoJ cautious on global economic climate. Australian employment dips, NZ economy grows but with soft details. Markets await Trump’s tariff moves. Pound steadies after BoE rate hold. Dollar expected to strengthen, Fed easing priced in.