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forex

Dollar hits two-year lows as Fed affirms dovish stance
Markets

Dollar hits two-year lows as Fed affirms dovish stance

  • The US central bank cited concerns about economic activity and employment remaining "well below their levels at the beginning of the year."
  • The dollar index against a basket of currencies fell 0.44% to 93.42 after getting as low as 93.17, the weakest since June 2018.
Published 30 Jul, 2020 01:27am
CBOT wheat ends higher on bargain buying, dollar weakness
Markets

CBOT wheat ends higher on bargain buying, dollar weakness

  • CBOT September soft red winter wheat settled up 9-1/4 cents at $5.32-3/4 per bushel, a day after hitting a one-week low at $5.19-1/4.
  • The US dollar index fell to a two-year low as the Federal Reserve affirmed its commitment to holding rates near zero.
Published 30 Jul, 2020 12:51am