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Dollar recovers as Fed fails to meet dovish expectations
Yahoo Finance· 2025-09-17 23:50
By Saqib Iqbal Ahmed NEW YORK (Reuters) - The U.S. dollar rose against most major currencies on Wednesday, a day after the Federal Reserve delivered an expected rate cut but signaled little urgency to lower borrowing costs quickly in the coming months. The dollar was supported by data that showed the number of Americans filing new applications for unemployment benefits fell last week, reversing the prior week's jump. The dollar’s broad strength pressured the British pound, erasing earlier gains logged a ...