BRIEFING.COM] The major indices are trading at session highs, but the dollar has fallen to a fresh session low. The moves come after the FOMC slashed target interest rates and painted a gloomy picture of the U.S. economy.
The Dollar Index is now down 1.9% this session, which extends the greenback’s recent losses. The dollar is now down 6.7% month-to-date, but still up 5.2% year-to-date.
Dow up 375 pts to 8939.