US$ weakens after another surprise Fed rate cut


dollar currency

TOKYO: The dollar fell against a broad range of currencies on Monday after the U.S. Federal Reserve made another surprise interest rate cut and major central banks took steps to relieve a shortage of dollars in financial markets.

The U.S. Federal Reserve cut rates to a target range of 0% to 0.25% and said it would expand its balance sheet by at least $700 billion in coming weeks.

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US$ , forex , weakens , yen , euro , British pound , US Fed , rate cut , markets ,

   

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