As the Fed announces a rate cut, many are left wondering how this will affect the dollar. A lower interest rate generally diminishes the currency’s value, which could lead to inflationary pressures. On the flip side, this move may also stimulate the economy by making borrowing cheaper and more accessible. This article explores the potential short-term and long-term effects of the Fed's decision on the dollar. Join the WikiFX Community Creator Growth Camp, share your insights on the topic, and win exciting rewards.