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USD/CHF drops to fresh 23-month lows near 0.9500 on shock Fed rate cut

The USD/CHF pair fell sharply in the early trading hours of the American session and touched its lowest level since April of 2018 at 0.9519 after the
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Powell speech: FOMC judged the risk to the outlook has changed materially

Following the Federal Open Market Committee's (FOMC) shock decision to lower the federal funds by 50 basis points to 1%-1.25%, Jerome Powell, Chair of
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