The Federal Reserve began tightening its monetary policy on Wednesday with a quarter-point rate hike, with the central bank signaling its willingness to do whatever it takes to fight inflation.
The dollar index, which measures the greenback against a basket of currencies, fell 0.5% to 97.997 and hit a one-week low.
The euro was up a marginal 0.5% at $1.1096. and touched a maximum in a week.
The Kremlin said Russia is putting colossal energy into talks on a possible peace deal with Ukraine, while Ukrainian President Volodymyr Zelensky has not changed his position that the country’s international borders should be recognized.
The dollar was down 0.1 against the Japanese yen. Meanwhile, the British pound weakened against the euro.
The Bank of England raised interest rates on Thursday for the third time in a row, as expected, but softened its language on the need for further hikes from now on.
Bank of Japan Governor Haruhiko Kuroda said inflation was unlikely to reach the central bank’s 2% target, even taking into account rising energy costs, justifying maintaining a very tight monetary policy. expansive.
Source: Ambito
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