Here is an excerpt from the article, "Dollar Nurses Losses After Fed, Jump in Risk Appetite," New York Times, April 29, 2020.Read the excerpt and answer the question.

The dollar nursed losses on Thursday after the U.S. Federal Reserve left the door open to more monetary easing and dampened expectations for a quick economic recovery from the coronavirus pandemic.

The greenback was also weighed down as signs the pandemic is receding in other countries and reduced safe-haven demand for holding funds in dollars. Additionally boosting appetite for riskier currencies were positive trial results of an experimental COVID-19 treatment.

The exchange value of the dollar was falling.Why was this happening, according to this excerpt?

a.The Federal Reserve pledged to reduce interest rates some more, which reduced the supply of the dollar by U.S. lenders.Other countries were recovering from the virus faster than the U.S., which encouraged investors to demand dollars to move their money out of the U.S.

b.International lenders anticipated that the Fed would reduce future interest rates, so decided to borrow in the U.S., increasing the demand for the dollar.The danger is lessening in other countries, so international lenders lending more abroad, so they are supplying fewer dollars.

c.International lenders anticipated that the Fed would raise future interest rates, so decided to borrow in other countries, decreasing the demand for the dollar.The danger is lessening in other countries, so international lenders have more money to lend, and are supplying more dollars.

d.The Federal Reserve pledged to reduce interest rates some more, which reduced the demand for the dollar by international lenders.Other countries were recovering from the virus faster than the U.S., which encouraged investors to supply dollars to move their money out of the U.S.