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FOREX-Dollar slightly pares losses, but down on day after Fed rate cut

BY Reuters | ECONOMIC | 11/07/24 02:09 PM EST

Nov 7 (Reuters) - The U.S. dollar slightly pared losses on Thursday after the Federal Reserve cut interest rates by 25 basis points, as was widely expected, with policymakers taking note of a job market that has "generally eased" while inflation continues to move towards the U.S. central bank's 2% target.

The dollar index was last down 0.49% at 104.59, while the euro gained 0.44% to $1.0775. The greenback was down 0.85% at 153.31 Japanese yen.

(Reporting by Karen Brettell)

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

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