The dollar is heading lower amid corporate earnings flow
The dollar declined against most of the major currencies during trading today, Wednesday, amid the continued issuance of corporate business results and the evaluation of the statements of Federal Reserve Chairman Jerome Powell.
In the same statements he made yesterday, Powell confirmed that the jobs report was stronger than expectations for January.
He reported that the message from the Monetary Policy Committee at last week's meeting is that the slowdown in inflation has already begun, but there is still a long way to go.
In this regard, the head of the Federal Reserve believes that the US central bank may be forced to make more interest-raising decisions
The Federal Reserve announced in a decision on Wednesday that it will raise the interest rate by 25 basis points to 4.75% from 4.50%.
The Fed's slowdown in the rate hike came in light of the emergence of signs of slowing inflationary pressures in the US economy
In the past few hours, the results of the business of Uber Technologies were released, through which it recorded strong revenues
In terms of trading, the dollar index fell by 19:09 GMT by 0.1% to 103.3 points, recording the highest level at 103.4 points and the lowest level at 103.00 points.