Forex Today: Fed delivers hawkish hold, US Dollar remains under pressure
The US Dollar Index (DXY) rebounded above 96.60 on Wednesday after White House Treasury Secretary Scott Bessent said the US has a strong-dollar policy, implying the right fundamentals are in place. Bessent also denied that the US was intervening in currency markets to support the Japanese Yen.
The US Dollar Index (DXY) rebounded above 96.60 on Wednesday after White House Treasury Secretary Scott Bessent said the US has a strong-dollar policy, implying the right fundamentals are in place. Bessent also denied that the US was intervening in currency markets to support the Japanese Yen.
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