Dollar rises as Fed signals it is in no rush to cut rates

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Dollar rises as Fed signals it is in no rush to cut rates - Channel News Asia

Quick Summary:

NEW YORK :The dollar rose broadly on Thursday, a day after the Federal Reserve indicated it was in no rush to cut rates further this year due to uncertainties around U.S.tariffs.

The Swiss franc weakened after the Swiss National Bank lowered its policy rate to 0.

Powell's comments and the Fed statement underscored the challenge faced by policymakers as they navigate President Donald Trump's plans to levy duties on imports from U.S.trading partners and the impact on the economy.