Dollar falls for third straight session

Economies.com
2019-02-20 17:23PM UTC

Dollar fell against a basket of major rivals for the third session ahead of the Federal Reserve's meeting minutes today. 

 

The index lost 0.3% yesterday, the fourth loss in a row, marking two-week lows at 96.24. 

 

The dollar index tumbled yesterday after 10-year US treasury yields hit 11-day lows. 

 

Now investors await the Federal Reserve's meeting minutes for the January 29-30 meeting, at which policymakers voted to hold rates unchanged below 2.50%. 

 

Former Federal Reserve Chair Janet Yellen surprised the markets by saying the next move by the Fed will probably a rate hike as the global economy slows down and weighs on the US. 

 

The dollar index fell 0.1% to 96.4, with an intraday high at 96.6, and a low at 96.4. 

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