US dollar weakens ahead of Federal Reserve decision

The dollar fell as much as 0.3 per cent earlier on Wednesday, setting a new two-year low, while the euro and pound advanced against the greenback The dollar fell as much as 0.3 per cent earlier on Wednesday, setting a new two-year low, while the euro and pound advanced against the greenback © Financial Times

The US dollar weakened against the euro and pound on Wednesday, sending sterling back towards $1.30, as persistent concerns over the economic fallout from coronavirus piles pressure on the US currency.