Dollar slips after Fed cuts rates
FILE PHOTO: U.S. dollar banknotes are seen in this illustration taken March 19, 2025. REUTERS/Dado Ruvic/Illustration/File Photo
NEW YORK : The U.S. dollar fell against the euro on Wednesday, after the Federal Reserve cut interest rates by a quarter of a percentage point and indicated it will steadily lower borrowing costs for the rest of this year.
The euro was 0.2 per cent higher against the dollar at $1.1894, while the greenback extended losses against the yen to trade 0.5 per cent lower at 145.78 yen.
Source: Reuters
