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Dollar Loses Ground After Fed's Comments On Interest Rates

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

After staying above the flat line in the Asian and European session, the U.S. dollar slipped on Wednesday after the Federal Reserve left rates unchanged and said it expects to keep rates at near-zero levels through 2023.

The central bank also reiterated it plans to continue purchasing bonds at a rate of at least $120 billion per month until "substantial further progress" has been made toward its policy goals.

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