Dollar drops as Fed repeats vow to support economy [CNBC]
Gilead Sciences, Inc. (GILD)
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Source: CNBC
U.S. one-hundred dollar banknotes are arranged for a photograph in Hong Kong on April 15, 2019.Paul Yeung | Bloomberg | Getty ImagesThe dollar fell on Wednesday after the Federal Reserve left interest rates unchanged and repeated a vow to do what it takes to shore up the economy that has been battered by business shutdowns due to the novel coronavirus."The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals," the central bank said in a statement at the end of a two-day policy meeting.The dollar index against a basket of currencies fell 0.32% to 99.544, but held above a two-week low of 99.44 reached on Tuesday."They're certainly not wanting to upset the apple cart. They went out of their way to say they're going to continue to do what they're doing," said Marvin Loh, senior global macro strategist at State Street Global Markets.The dollar has weakened more
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GILD
Earnings
- 10/30/25 - Beat
GILD
Sec Filings
- 12/1/25 - Form 4
- 12/1/25 - Form 4
- 12/1/25 - Form 4
- GILD's page on the SEC website