Forex Top Story

Dollar Loses Ground Against Rivals As Fed Cuts Interest Rate

The U.S. dollar was weak against most major currencies on Wednesday, weighed down by the Federal Reserve's decision to cut interest rates.

The dollar index, which was moving along the flat line for much of the session till the Federal Reserve came out with its rate call, initially climbed higher after the Fed cut rates and signaled a pause in easing cycle.

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by RTTNews Staff Writer

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