Allgemeine Zeitung
The rand and the Namibia dollar hit R18.37/US$ following the Fed announcement. Photo Reuters The rand and the Namibia dollar hit R18.37/US$ following the Fed announcement. Photo Reuters
MW Main

Hawkish Fed triggers currency meltdowns

December 20, 2024
The US dollar flirted with a two-year peak yesterday after the Federal Reserve signalled a slower pace of rate cuts in 2025.Fed Chair Jerome Powell said more reductions in borrowing costs now hinge on further progress in lowering stubbornly...
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