The US dollar fell to its lowest in nearly a week after the US Federal Reserve kept interest rates unchanged, according to reports.
Several officials on the Federal Reserve's policy committee voted for an interest rate increase during the latest meeting.
According to bearish market views, interest rates will only be lowered going forward.
The US national debt has surpassed $39 trillion, according to unverified figures.
The Dow Jones Industrial Average has risen to over $50,000, based on unconfirmed data.
Updates
The euro reached a two-week high, and the FOMC meeting saw three official dissents regarding the interest rate decision. Fed Governor Warsh noted that the central bank's work is progressing despite these disagreements. Additionally, the US 10-year Treasury yield is at 4.69%, the 2-year yield is at 4.33%, and the 10-year real yield stands at 2.43%.
The euro reached a two-week high, while the US 10-year Treasury yield was reported at 4.69%, the 2-year yield at 4.33%, and the 10-year real yield at 2.43%. Additionally, Fed Governor Warsh remarked that the committee's work is progressing despite three recorded dissents during the FOMC meeting. Market participants are also awaiting the release of advance US GDP and Core PCE Price Index data scheduled for later today.
Following the Fed's decision, the euro surged to a two-week high, while Treasury yields also declined. Fed Governor Warsh stated that the Fed's work is advancing despite three dissents at the FOMC meeting. Additionally, the US 10-year Treasury yield stood at 4.69%, the 2-year yield at 4.33%, and the 10-year real yield at 2.43%.
The FOMC maintained the federal funds target range at 3.50% to 3.75% following a 9-3 vote, with Beth Hammack, Neel Kashkari, and Lorie Logan voting for a quarter-point hike. Additionally, the US dollar index (DXY) fell by -0.48% on Wednesday, while markets are now discounting a 59% probability of a 25 bp rate increase at the September 15-16 meeting.
The FOMC maintained the federal funds target range at 3.50% to 3.75% following a 9-3 vote, with Beth Hammack, Neel Kashkari, and Lorie Logan dissenting in favor of a quarter-point rate hike. Amid this decision, the US dollar index (DXY) fell by -0.48% on Wednesday, while markets are now pricing in a 59% probability of a +25 bp rate hike at the next FOMC meeting in September. Additionally, the IRGC has claimed to have targeted a US airbase in Jordan with ballistic missiles and halted three tankers in the Strait of Hormuz.
