💨 Abstract

The US dollar edged higher on Wednesday, despite the Federal Reserve's September meeting minutes showing a majority backing its 50-basis point rate cut. Traders awaited the release of the consumer price index and comments from Fed officials. The market was confident that the central bank would not continue easing aggressively. The euro and yen fell against the dollar, while the New Zealand dollar dropped after the Reserve Bank of New Zealand cut interest rates by 50 basis points.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖