Dollar Hovers Near 5-Month Low Ahead of Fed Policy Decision

Singapore, 19 Mar (ONA) —- The US dollar has been trading near a five-month low against major currencies ahead of the Federal Reserve’s policy decision expected later today.

The dollar index, which measures the greenback against a basket of six major currencies, recently hit a low of 103.19, its weakest since October 2024.

Investors are keenly awaiting the Federal Reserve’s announcement to gain insights into the future path of US interest rates, especially in light of recent economic data and global trade tensions. The central bank is widely anticipated to keep interest rates unchanged, marking the second consecutive meeting without a rate adjustment.

Concurrently, the euro has strengthened to $1.0899, reaching a five-month high against the dollar.

The Japanese yen weakened slightly to 149.77 per dollar.

The Australian dollar rose to $0.6327, while New Zealand dollar edged up to $0.5932.

—- Ends/Khalid