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 rose a marginal 0.5% to $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 greenback fell 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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