After the Federal Reserve cut interest rates, the dollar rebounded, and the euro fell from a four-year high

ChainCatcher news, according to Jinshi reports, the euro against the dollar (EUR/USD) has retreated from the four-year high set on Wednesday. After the Federal Reserve decided to cut interest rates by 25 basis points, the dollar weakened initially following the announcement but then quickly reversed and strengthened. Dutch International analyst Francesco Pesole pointed out that the rebound was amplified by the "good news fully priced in" effect and position adjustments. Nevertheless, he believes that the Federal Reserve still hints at multiple rate cuts, and the euro may regain upward momentum. Dutch International Bank continues to maintain its target of 1.2 for EUR/USD in the fourth quarter.