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  • H.S. Borji

    The US dollar declined for a second consecutive day against a basket of trade-weighted peers, easing off a blistering 12-year high as the Federal Open Market Committee coalesced in Washington for a key monetary policy meeting. The US dollar index, a weighted average of the dollar against a basket of six currencies, declined 0.17 percent

  • H.S. Borji

    The Canadian dollar plunged against its US counterpart on Wednesday, as the Bank of Canada unexpectedly lowered its trend-setting interest rate to mitigate against the shocking collapse in oil prices. The central bank lowered its target for the overnight rate by 25 basis points to 0.75 percent and cut its outlook on the Canadian economy. Economists