NEW YORK, Jan 29 (Reuters) – A Federal Reserve interest rate cut this week will hurt the dollar in the short run but may help the ailing U. By late Tuesday morning, rate futures reflected a 70 percent chance of another half-point cut, which would take the federal funds rate to 3 percent — 100 basis points below euro-zone rates. Thanks to sharply lower interest rates — the federal funds rate was at 5. That means investors who started trimming dollar exposure last year when the Fed began cutting rates may need to reverse course soon to take advantage of a dollar rebound and the possibility of stronger U. read more
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