The U.S. dollar rebounded against most major currencies on Thursday, regaining some recent losses, after the latest batch of economic data turned out to be a bit encouraging.
The greenback, which was struggling against most of its major rivals in most of the recent sessions, shed notable ground on Wednesday after the Federal Reserve held interest rates unchanged and said there won't be any hike in the current year. The Fed also lowered its outlook for the U.S. economy. The Fed Chairman Jerome Powell said that it's great time to be patient with interest rates.
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