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flag U.S. dollar weakens as Fed adopts cautious stance and Moody's downgrades U.S. credit rating.

flag The U.S. dollar weakened due to the Federal Reserve's cautious economic outlook and Moody's downgrade of the U.S. credit rating over fiscal deficit concerns. flag The dollar fell against major currencies like the yen and euro, while also facing pressure from potential U.S. tax cut votes and interest rate cut expectations. flag The dollar index dropped 10.6% from January highs.

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