The dollar strengthened on Friday, despite the anticipated reduction in U.S. interest rates by the Federal Reserve. As of 10:15 AM GMT, the American currency has appreciated by 0.27% against the euro, reaching $1.0776, and is up by 0.20% against the pound, trading at $1.2960. On Thursday, the Federal Reserve enacted its second rate cut …

The post Currencies: The Dollar Strengthens Despite Fed Rate Cuts appeared first on AL24 News.