The U.S. dollar, which recovered after early weakness to go marginally up ahead of the Federal Reserve's monetary policy announcement this afternoon, slipped after the Fed said interest rates will stay near zero through 2023.
However, the currency recovered lost ground on comments from the central bank that it expects the U.S. economy to recover from the virus crisis thanks to falling unemployment rate.
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Forex News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.