The U.S. dollar tumbled to a two-year low on Wednesday, after snapping having snapped a losing streak a day earlier, weighed down by rising coronavirus cases across U.S., and the Federal Reserve's comments that interest rates will remain at near-zero levels amid the economic hardship imposed by the coronavirus pandemic.
The Fed said it decided to maintain the target range for the federal funds rate at zero to 0.25%, where it has remained since an emergency rate cut on March 15.
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