FOREX-Dollar slides after Fed signals pause; banking woes de

FOREX-Dollar slides after Fed signals pause; banking woes dent confidence

The dollar fell against most major currencies on Thursday after the U.S. Federal Reserve opened the door to a pause in its aggressive tightening cycle, though markets were buffeted by risk aversion amid a rout in regional U.S. bank shares. The Fed on Wednesday raised its benchmark overnight interest rate by a quarter of a percentage point, as expected, but in doing so dropped from its policy statement language that it "anticipates" further rate increases would be needed.

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