The Federal Reserve released on Tuesday the minutes of the Federal Open Market Committee (FOMC) meeting earlier this month. At the meeting, the FOMC voted to lower rates by 25 basis points to a range of 3.5%-3.75%, its lowest level since September 2022.
Sharp Falls in Precious Metals Resume; Stocks in Orderly Decline; FOMC Minutes Show Fed Divided on Rate Cuts Scope; US Dollar Gains; South African Rand Hits 3-Year High; Iranian Rial Reaches Record Low
The EUR/USD exchange rate pulled back slightly as market risks rose in the final week of the year. It dropped slightly to 1.1758, down from this month's high of 1.1817, as traders eye the upcoming Federal Reserve minutes.
