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Forex News

Dollar little changed near 1-week lows after Fed meetingDollar little changed near 1-week lows after Fed meeting – The dollar held steady against other major currencies on Thursday, as markets were still digesting the Federal Reserve’s latest policy statement, while looking ahead to a string of U.S. economic reports due later in the day.

In a widely expected move, the Fed raised interest rates by 0.25 basis points to at the conclusion of its policy meeting on Wednesday.

The central bank , which include three more interest rate hikes in both 2018 and 2019, disappointing expectations for four rate hikes next year.

In other news, Congressional Republicans on final tax legislation on Wednesday, clearing the way for final votes next week.

The , which measures the greenback’s strength against a trade-weighted basket of six major currencies, was little changed at 93.4 by 05:15 a.m. ET (09:15 GMT), just off a one-week low of 93.33 hit overnight.

The euro was steady, with at 1.1821, while rose 0.22% to 1.3447.

Earlier Thursday, official data showed that UK retail sales in November.

Meanwhile, the euro zone registered its in almost seven years this month.

Elsewhere, the yen and the Swiss franc were lower, with up 0.20% at 112.76 and with gaining 0.30% to 0.9884.

The Swiss National Bank left its benchmark interest rate unchanged at record-low , in line with expectations.

The Australian dollar was stronger, with up 0.34% at 0.7662, while dropped 0.36% to 0.6999.

In Australia, data earlier showed that the number of employed people increased by in November, beating expectations for a 19,200 rise. The unemployment rate remained unchaned at , in line with expectations.

Meanwhile, added 0.17% to trade at 1.2838.

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