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The dollar weakened against other major currencies during Thursday's trading session.
US Market Interest Rate Neutral, Fed Chairman Jerome Powell belowThe perception that the three-year interest rate cycle is approaching the end of the dollar has been effective with the fall of the dollar.
The Dollar Index (DXY), which measures the value of the US dollar against the basket of major currencies, fell to 96.64%, reaching its lowest level.
In Wednesday's speech, Powell surprised markets by saying the key rate of 2.25% was just below neutral rate estimates. The authorities' neutral interest forecast was between 2.5 and 3.5% in September.
Reuters
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