The dollar fell to its lowest level in a month

The dollar fell to its lowest level in a month today, Thursday, after the Federal Reserve’s (US central bank) statement came unsurprisingly, as most attendees at the meeting supported interest rate hikes by 50 basis points in June and July.

The dollar index, which measures the performance against a basket of six major currencies, fell 0.2% to 101.83 after the US Central Bank statement revealed that it is likely to adhere to the monetary policy path specified at the time, but left the field opened to a group of options after July.

The yield on 10-year US Treasuries fell 1.4%, on the last trade to 2.7308%, after falling in precedence at its lowest level since April 14.

The Chinese yuan fell more than 0.5% in offshore transactions to 6.75 against the dollar.

The euro was up 0.35%, to $ 1.0716, while the dollar fell 0.4%, to 126.76 yen.

Risk sensitive currencies such as the Australian and New Zealand dollar were broadly flat against the dollar.

The pound rose to a three-week high of $ 1.26165 before UK Finance Minister Rishi Sunak’s expected announcement of a package of measures to help consumers adjust to rising energy bills.

As for cryptocurrencies, Bitcoin fell 1.1% in its latest transactions, to $ 29,166, while Ether fell more than 5%.

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