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Dollar Rally Pauses After Fed Rate Hike; Markets Eye BoE and BoJ Rate Decisions

富豪、美元、歐元、富比世富豪榜
Photo by Vladimir Solomianyi on Unsplash

The dollar’s rally paused on Thursday (September 17). After Federal Reserve Chair Kevin Warsh sent hawkish signals at Wednesday’s (16th) press conference, the forex market’s focus quickly shifted to the Bank of England’s decision to hold rates steady, as investors brace for an upcoming Bank of Japan monetary policy adjustment.

At the New York close, the dollar index (DXY), which tracks the greenback against six major currencies, fell 0.03% to 100.23.

The latest quotes for major currencies are as follows:

EUR/USD rose 0.0087% to 1.1476 dollars per euro.

GBP/USD fell 0.0599% to 1.3351 dollars per pound.

AUD/USD rose 0.0141% to 0.7110 dollars per Australian dollar.

USD/CAD rose 0.0143% to 1.3992 Canadian dollars per U.S. dollar.

USD/JPY fell 0.0064% to 155.9400 yen per U.S. dollar.

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