US Dollar Touches One-Year High; Pound Slips on BoE Hold
The US Dollar Index firmed near 100.80, a level not seen since May 2025, after the Fed left rates unchanged. The British Pound declined following the Bank of England's decision to hold rates.
DXYGBPUSD
The US Dollar Index (DXY) strengthened to near 100.80 on Thursday, reaching its highest level since May 2025. The move came after the Federal Reserve held interest rates steady in the 3.50%-3.75% range, marking the first policy meeting under new Chair Kevin Warsh.
Meanwhile, the British Pound weakened after the Bank of England also opted to maintain its current interest rate, though specific details of the BoE decision were not provided in the initial report.
Source: FXStreet Forex News