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Dollar weakens as cautious Fed leads to rate-hike rethink

Dollar weakens as cautious Fed leads to rate-hike rethink

The dollar weakened against other major currencies on Thursday as markets took Federal Reserve Chairman Jerome Powell’s comment that U.S. interest rates were just below neutral as a signal that a three-year rate-hiking cycle is nearing an end. The dollar index, which measures the value of the greenback against a basket of other major currencies,Read More …

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