The dollar was on the defensive on Thursday after the Federal Reserve signalled ...
TOKYO - The dollar was on the defensive on Thursday after the Federal Reserve signalled it was ready to lower interest rates to combat growing global and domestic risks.
The dollar index against a basket of six major currencies was little changed at 97.188 after losing more than 0.5% overnight. With U.S. yields falling after the Fed meeting, the dollar retreated against the yen. The two-year Treasury yield touched 1.737% on Wednesday, its lowest level since November 2017.
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