Given the softening global economic outlook, the Federal Reserve’s latest interest rate cut is unlikely to dent the US dollar’s appeal to currency market participants. Photo: Xinhua
Neal Kimberley
Opinion

Opinion

Macroscope by Neal Kimberley

Donald Trump won’t like it, but the Fed is keeping the US dollar strong with its rate cut

  • The US Federal Reserve is cutting interest rates not for domestic reasons but in response to slowing global growth and Trump-induced trade anxiety. Effectively, it is creating space for other central banks to ease rates too

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Given the softening global economic outlook, the Federal Reserve’s latest interest rate cut is unlikely to dent the US dollar’s appeal to currency market participants. Photo: Xinhua
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