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Dollar droops as Fed refrains from clearer rate liftoff
The dollar index shed 0.6 percent to hit a one-month low on Thursday after the Federal Reserve disappointed investors who had hoped for a clearer signal on when the U.S. central bank will lift interest rates. In the European session, the Swiss franc inched up after the Swiss National Bank kept interest rates unchanged at -0.75 percent and slightly tweaked its inflation forecasts. It added that the franc was significantly overvalued and should continue to weaken over time. The euro, which was trading 0.2 percent lower against the Swiss franc before the SNB statement, weakened and turned flat on the day. It was at ... (full story)
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