After much anticipation, the Federal Reserve announced yesterday a 25 basis point cut in interest rates, keeping them in the 4.00-4.25% range, in line with market expectations.

• The US dollar continued its weakness after the decision, falling further against the euro and the yen, as investors interpreted Powell's tone as dovish.
• Gold responded strongly, surpassing $3,700 per ounce, benefiting from a weaker dollar and increased appetite for safe-haven assets.
• Oil remained relatively stable, with geopolitical risks (attacks on Russian facilities) further weighing on future supply prospects.
• US stocks rose on the Fed's dovish tone, as investors' risk appetite improved.