The dollar gained against most currencies, with the EUR/USD falling below 1.028, just shy of the 2-year low it hit last week

Even with inflation not fully tamed, the case for the cut today is ironclad, and deeper cuts could be coming sooner rather than later.

With Atkins set to take the reins of the SEC in January, the crypto industry expects a lighter approach to digital currencies and their nascent relationship with institutional capital.

With Trump back and governing via social media, currency markets will be particularly sensitive to further outbursts.

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