US dollar pauses after Fed rally
The US dollar eased against the euro as Treasury yields and oil prices retreated following a recent Federal Reserve rate hike. Meanwhile, attention turns to the Bank of Japan ahead of its expected interest rate decision.
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The United States dollar eased against the euro during Thursday morning trading, pausing after logging its largest single-session jump in three months following the Federal Reserve's rate hike. The pullback came as Treasury yields and energy prices retreated from recent highs. The EUR/USD exchange rate rose 0.1% to $1.14755, retracing a portion of its 0.7% drop from the previous session.
