Dollar rebounds after Fed rate cut, euro retreats from four-year high
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最新报道：According to Bijie.com, the euro/dollar (EUR/USD) pair retreated from a four-year high reached on Wednesday. Following the Federal Reserve's 25 basis point rate cut, the dollar initially weakened following the announcement, but quickly reversed course and rallied. ING analyst Francesco Pesole noted that the rebound was amplified by a "good news exhaustion" effect and position adjustments. Despite this, he believes the Fed is still hinting at multiple rate cuts, and the euro could resume its upward trend. ING maintains its target for the euro/dollar exchange rate to reach 1.2 in the fourth quarter.
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