Bloomberg News
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U.S. Dollar Surges on Interest Rate Cut
Posted
July 31, 2019
Views
998
Likes
10
Comments
1
Engagement
1.10%
July 31, 2019
998
10
1
1.10%
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0:59Now PlayingThe U.S. dollar surged to a two-year high on announcement of the Federal Reserve’s 25 basis point interest-rate cut on Wednesday. However, once the excitement subsides, the cut should push the dollar lower, which will be good news for U.S. exporters struggling with the impact of the U.S.-China trade war. Insights via @CMEGroup
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