The dollar initially trading lower following the Fed announcement, but pared those losses after Chair Jerome Powell finished his press conference. The dollar index was last up 0.05% on the day ...
This has been corrected to reflect that the Fed moved to cut rates twice by 50 basis points and 100 basis points in March 2020. The U.S. dollar has been sliding in the run-up to a widely expected ...
As a result, the value of the dollar abroad fell slightly ... Veldkamp said the bigger shift would have occurred if the Fed bucked expectations and left or raised rates on Wednesday.