U.S. dollar falls as Fed may pause interest rate hikes
NEW YORK, May 3 (Xinhua) -- The U.S. dollar lost ground in late trading on Wednesday as the Federal Reserve raised federal fund rates by another 25 basis points as expected and gave a signal that the current tightening cycle might be reaching an end.
The dollar index, which measures the greenback against six major peers, fell 0.58 percent at 101.3551 in late trading.
In late New York trading, the euro inc