India, March 6 -- The U.S. dollar stayed weak against most of its major counterparts on Thursday, although the decline was not any significantly pronounced.
Traders continued to track the developments on the tariff front, and digested the latest batch of economic data, and the European Central Bank's decision to lower interest rates once again.
The Governing Council of ECB, led by President Christine Lagarde cut the deposit rate by 25 basis points to 2.5%, which is the lowest level since February 2023 when it was at the same level. The main refinancing rate was lowered by a quarter basis points to 2.65% and the lending rate to 2.9%, respectively.
The Commerce Department released a report showing the U.S. trade deficit widened by more tha...