The U.S. dollar gained strength on Thursday, recovering from a brief dip after the Federal Reserve implemented a larger-than-expected half-percentage-point interest rate cut. While investors had anticipated the move, economists were expecting a smaller cut. The dollar surged against major currencies, including a 1.2% rise against the yen. The Fed’s easing cycle aims to support low unemployment, with policymakers projecting further rate cuts. Analysts suggest the dollar may weaken next year as the Fed continues to lower rates amid a softening global economy.
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