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Hence, most observers believe the Fed may be done cutting rates for now. The market, therefore, may price out expectations for a rate cut in December, possibly keeping the American Dollar better bid.
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North American Edition. The Dollar majors have remained within respective Thursday ranges, though some yen and Swiss franc cross rates have clawed out fresh highs, with GBP-JPY and AUD-CHF, for instance both seeing new one-month highs.
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The dollar nursed losses against most major currencies, as central banks in Switzerland and the UK refrained from cutting rates, while risk appetite ebbed on caution about U.S-China trade talks.
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