USD/TRY Forecast: Awaits Key Rate Decision
The Turkish Lira traded against the US Dollar in early trading on Thursday morning.
GBP/USD Analysis: BoE Decision in Focus
Recent trades have seen the British Pound rise to near $1.33, its strongest level since February 2022, benefiting from the general weakness of the US dollar.
EUR/USD Analysis: Short-lived Gains
The EUR/USD currency pair jumped to its highest level in three weeks at the resistance level of 1.1189 following a larger-than-expected US interest rate cut.
Gold Price Analysis: Targeting $2600 per Ounce
Gold retreated to $2563 after almost hitting a new record high of $2600/oz as investors digested the latest US Federal Reserve decision.
United States Federal Reserve Chops Rates by 0.50%
The Federal Reserve lowered interest rates on Wednesday by 0.50%, or 50 basis points, bringing the benchmark interest rate to a target range of 4.75 percent to 5.50 percent.
