Last Updated: May 04, 2023, 00:07 IST
The greenback dropped after the Federal Reserve on Wednesday raised rates of interest by 1 / 4 of a share level. (Representative picture/Reuters)
The greenback index fell to a session low of 101.05 and the euro hit a session excessive of $1.10925. The greenback additionally fell to 134.82 towards the Japanese yen
The greenback dropped after the Federal Reserve on Wednesday raised rates of interest by 1 / 4 of a share level and signaled it might pause additional will increase.
The pause would give officers time to evaluate the fallout from current financial institution failures, wait on the decision of a political standoff over the U.S. debt ceiling, and monitor the course of inflation.
The greenback index fell to a session low of 101.05 and the euro hit a session excessive of $1.10925. The greenback additionally fell to 134.82 towards the Japanese yen.
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(This story has not been edited by News18 employees and is printed from a syndicated information company feed)
