XE Market Analysis: The Greenback Takes an August Leap After Fed Trims Rate

OVERVIEW

  • The greenback climbed to its highest level against other major currencies since 2017 despite mixed signals from the Fed.

  • EUR/USD tumbled by 0.35% with investors nervously watching the 1.10 handle.

  • WTI Crude oil price loses $1 over concerns of a pending global economic slowdown.