This week in the foreign exchange market, we saw significant changes in central bank dynamics. As the likelihood of the Federal Reserve pausing rate cuts after December increased, the Swiss National Bank (SNB) and the European Central Bank (ECB) decided to implement their own rate cuts.
These contrasting monetary policies caused a noticeable shake-up in trading behaviors, allowing the U.S. dollar to outperform other major currencies and claim the leading position.
Curious about how each major currency fared this week? Let’s dive into the specifics of how they reacted to these changes!
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