USD fell on Thursday against a basket of global currencies to deepen its losses for the second day in a row, recording a three-week low, for the second consecutive monthly loss, as the US currency continues to sell after the results of the first Federal Reserve monetary policy meeting In 2019, which boosted the difficulty of raising US interest rates this year.

USD index fell 0.2% to 94.86 points, the lowest level since January 11, as the day’s opening level at 95.06 points, the highest level at 95.08 points.

The index lost 0.4% on Wednesday as the acceleration of USD sale after the Federal Reserve meeting.

Over the course of the month, the dollar index lost 0.95%, the second monthly loss in a row, as investors shrugged off high-yielding currencies and the prospect of a hike in US interest rates this year.

At the close of the Fed’s first monetary policy meeting in 2019, the US central bank kept interest rates unchanged at 2.50% according to most market expectations and stressed patience when raising interest rates this year.

Federal Reserve Chairman Jerome Powell said that the rate of interest rate hikes had declined in recent weeks, as well as heightened risks surrounding the economy, particularly the global economic slowdown and the closure of the federal government.