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Stock impact report

Dollar declines to 2-week low on cautious Fed comments 3:50pm EST [Reuters]

Toronto Dominion Bank (The) (TD) 
Last toronto dominion bank (the) earnings: 2/27 06:30 am Check Earnings Report
Company Research Source: Reuters
Dollar declines to 2-week low on cautious Fed comments | Reuters 6 Min Read NEW YORK (Reuters) - The dollar dropped to two-week lows on Monday, pressured by cautious comments about the U.S. economy from Federal Reserve officials suggesting the central bank may be nearing the end of its tightening cycle. Against a basket of six major currencies, the greenback fell to 96.120, its lowest since Nov. 8, after falling nearly half a percent last week, its biggest weekly drop since late September. The index was last down 0.3 percent at 96.208. Fed Vice Chair Richard Clarida and Dallas Fed President Robert Kaplan on Friday raised concerns over a potential global slowdown that has markets betting heavily that the rate-hike cycle is on its last legs, even as they still signaled further interest rate increases ahead. Fed Chairman Jerome Powell on Wednesday also cited slowing global growth as a headwind to the U.S. economy. Capital Economics sees the federal funds rate peaking at 2.75-3.0 percent Show less Read more
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