Much like most other financial assets this afternoon, the dollar has snapped back.
The U.S. Dollar Index is up 0.2% to 96.84, wiping out its initial sell-off in reaction to the Fed’s decision to cut rates.
The gain in the dollar comes as the Fed called Wednesday’s decision to cut rates a “risk-management cut” and emphasizes balancing the risk of inflation and softening employment growth.
www.barrons.com
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