The dollar made a collapsing decline late on Wednesday on concern that the Federal Reserve may cut rates

The dollar made a collapsing decline late on Wednesday on concern that the Federal Reserve may cut rates. In fact, the Fed kept its rate unchanged at 5.25%, as universally expected, and noted the recent weaker economic performance and higher inflation. However, it dropped language that covered the possibility that interest rates would be raised in the future. The slide was overdone, so the dollar should attempt to recover. Euro/dollar Euro/dollar surged to a two-year high in the wake of the
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