Forex Top Story

Dollar Loses Ground Against Peers After Fed Statement

The U.S. dollar drifted lower against most major currencies on Wednesday after the Federal Reserve left interest rates unchanged and said it will "act as appropriate" to sustain the U.S. economic expansion amid increasing uncertainties about the outlook for the economy.

The dollar, which was down marginally till the Federal Reserve announced its policy, drifted notably lower after the rate decision. Despite regaining some lost ground subsequently, it was still down in negative territory.

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by RTTNews Staff Writer

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