The U.S. dollar fell on Wednesday and posted losses against most of its major counterparts, as the minutes of the Federal Reserve's latest monetary policy meeting suggested the central bank is considering slowing the pace of its interest rate hikes.
The minutes said a majority of meeting participants judged that a slowing in the pace of rate hikes would likely "soon be appropriate."
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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.