CNBC: Dollar higher on fresh inflation data, euro drops after ECB rate cut
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Updated:2024-12-12
"Although the Fed is seen cutting its benchmark by a quarter point, moves in the last 24 hours — from the Bank of Canada, Swiss National Bank, and European Central Bank — have ensured that cross-currency rate differentials will remain wide relative to the U.S., maintaining the dollar's position in relative terms," said Karl Schamotta, chief market strategist at
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