The U.S. dollar turned quite weak against most of its rivals on Wednesday after the Federal Reserve indicated that interest rates are likely to remain at current near-zero levels through 2022.
The dollar index dropped to a low of 95.72 soon after the policy announcement by the Federal Reserve. It regained some ground after that, and after another slip, recovered to 96.10 around late afternoon, but was still down in negative territory, losing about 0.23% from previous close.
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Forex News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.