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US Dollar falls as Fed keeps rate unchanged, says recovery intact despite delta surge

Financial World
Financial World
 2021-07-30
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Following conclusion of a two-day policy meet, the US Federal Reserve said in a statement late on Wednesday that the world's No 1 economy's recovery from the pandemic’s fiscal fallouts stayed well en-route despite an uptick in delta variants across the country, while the US Central Bank had also signalled a plausible tapering of fiscal supports for the economy, eventually sending the US Dollar Index (DXY) down as much as 0.41 per cent to 91.84 on Thursday's late-afternoon US trading.

www.financial-world.org

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