Dollar Index: Bears Accelerate After Fed, on Track for Third Consecutive Weekly Loss

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The Dollar Index extends steep-post-Fed fall into second straight day, hitting the lowest in six weeks on Thursday. Fed’s 25 basis points rate cut and relatively dovish Chair Powell’s comments deflated the dollar across the board, with 0.85% drop in past 24 hours, contributing to broader weakness and keeping the index on track for the […]The post Dollar Index: Bears Accelerate After Fed, on Track for Third Consecutive Weekly Loss appeared first on ActionForex.