💨 Abstract

The dollar stabilized on Wednesday after a seven-week high last week, as investors evaluated the US interest rate outlook. The New Zealand dollar fell to a seven-week low following a 50 basis point interest rate cut by the Reserve Bank of New Zealand. The Federal Reserve's September meeting minutes will be released later on Wednesday, providing insights into their discussions about potential rate cuts. The US Consumer Price Index report this week will be crucial for maintaining the US dollar rebound.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖