The greenback traded near the lowest in almost two years against the Swiss franc as investors flocked to traditional safe havens. The Fed surprised investors by cutting rates by 50 basis points to a target range of 1.00% to 1.25% on Tuesday, two weeks ahead of a regularly scheduled policy meeting. Interest rate futures traders pricing in a 51.4% probability of a further 25 basis point cut in April, according to the CME Group’s FedWatch Tool. The rate cut failed to arrest a sell-off in U.S. equities and sent benchmark 10-year Treasury yields US10YT=RR crashing to a record low 0.906%, further reducing the appeal of the dollar. Sentiment also took at a hit after G7 finance ministers issued a statement on Tuesday that stopped short of calling for new government spending or coordinated central bank interest rate cuts.