The ETF tracking the performance of the U.S. dollar weakened Wednesday after the Federal Reserve lowered growth forecasts. The Fed's latest statement set back widespread expectations of an interest rate hike as early as September. It would be the first increase in more than a decade. PowerShares DB U.S. Dollar Bullish (UUP) fell nearly 1% to as low as 24.67, before closing at 24.70. It was trading as high as 24.97 before the announcement from
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