US dollar eases from peak after Fed rate hike
The US dollar eased slightly after hitting a three-month high following a Federal Reserve rate hike. A retreat in Treasury yields and oil prices helped soften the currency, while markets shifted focus to the upcoming Bank of Japan decision.
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The United States dollar eased 0.2% to 100.07 on Thursday morning, retreating from its largest jump in three months after a Federal Reserve rate hike. The pullback followed a 0.7% surge in the prior session as Treasury yields eased from earlier highs. Investors are pricing in three more rate increases through late 2027, exceeding the central bank's projections.
