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The Economic Times

Markets / The Economic Times

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Dollar whipped as markets wary of mounting risks

The dollar remained weak on Thursday amid policy uncertainty, though supportive comments from the White House and European officials offered some respite. Investors interpreted the Federal Reserve's cautious tone on inflation and the labor market to mean interest rates could stay higher for longer. The euro traded just below $1.20 after breaking that key level on the dollar's decline.

29 Jan 2026 7:24 am