India, April 21 -- It was a weak performance by the U.S. Dollar during the week ended April 18, amidst renewed concerns about economic growth in the U.S. President Donald Trump's renewed call to cut interest rates and his plans to overhaul the Federal Reserve also contributed to the Dollar's decline. Hawkish comments from Fed chair Jerome Powell failed to support the greenback.
The U.S. Dollar inter alia slipped against the euro, the British pound, the Australian dollar, as well as the Japanese yen. The Dollar Index which measures the Dollar's strength against a basket of 6 currencies also extended losses amidst concerns about the Fed's independence.
From the level of 100.10 on April 11, the Dollar Index plunged 0.72 percent in a week's t...