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Markets Today: Gold Retreats, Equities Choppy as Markets Digest Fed Decision, DAX Up 1%. BoE Meeting Up Next
['Zain Vawda', 'Market Analyst']
MarketPulse
On Thursday, European stocks went up slightly after the Federal Reserve's first interest rate cut since December 2024.
On the FX front, the US dollar went up on Thursday, continuing its recent rebound.
This happened as traders tried to understand the Federal Reserve's cautious approach to future interest rate cuts.
This has led to speculation that there will be more significant interest rate cuts this year.
The US dollar went up by 0.2% against the Japanese yen, reaching 147.245 yen in the latest trading session.
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