Last Update: May 04, 2023, 00:07 AM IST
The dollar declined after the Federal Reserve raised interest rates by a quarter percentage point on Wednesday. (Representational image/Reuters)
The dollar index fell to a session’s low of 101.05 and the euro to a session’s high of 1.10925. The dollar also fell to 134.82 against the Japanese yen.
The dollar declined after the Federal Reserve raised interest rates by a quarter percentage point on Wednesday and signaled it could hold off on further hikes.
The pause will give officials time to assess the fallout of recent bank failures, wait for a resolution to a political impasse over the US debt limit, and monitor the course of inflation.
The dollar index fell to a session’s low of 101.05 and the euro to a session’s high of 1.10925. The dollar also declined to 134.82 against the Japanese yen.
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