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USD Strengthens Amid Hawkish Fed Signals, EUR and GBP Under Pressure

By FXCOINZ Editorial

28/07/2024

The U.S. dollar strengthened today following hawkish signals from the Federal Reserve, putting pressure on the euro and British pound. The EUR/USD pair fell to 1.0950, and the GBP/USD pair dropped to 1.2750 amid concerns about the economic outlook and diverging monetary policies.