Dollar Falls on Rate Cut, GDP Contraction

EUR/USD continued to rise today and showed a third day of gain on the Forex market, as the dollar fell after the yesterday’s rate cut decision. Federal Reserve reduced the funds rate from 1.5% to 1%. Another reason for the dollar’s decline were the macroeconomic indicators released in U.S. EUR/USD is currently trading near 1.3035 after reaching 1.3288 today