Dollar drops as Fed maintains rates
The dollar declined against the euro after the U.S. Federal Reserve decided to keep interest rates steady within the range of 3.50% to 3.75%. The decision came amid opposition from three out of twelve members, with hints of a possible future rate hike. The bank is seeking to reduce inflation, which has remained above the target of 2% for over five years, amidst pressures from rising global fuel and food prices, as well as increased demand for artificial intelligence investments.
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