U.S. Dollar Inches Up as Fed Decision, Trade, Weigh By Investing.com

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© Reuters.

Investing.com – The greenback made some gains on Thursday, after falling near a three-week low during the prior session as the Federal Reserve signaled a pause of rate hikes this year.

The Fed left interest rates on hold at its meeting on Wednesday, citing uncertainty over the global economic outlook.

The , which measures the greenback’s strength against a basket of six major currencies, rose 0.06% to 95.08 as of 10:26 AM ET (15:26 GMT).

Trade tensions also weighed, as investors waited for news of developments in trade talks between the U.S. and China. U.S. President Donald Trump is expected to meet with Chinese Vice Premier Liu He in the Oval office later in the day but no deal is expected before Trump meets with Chinese President Xi Jinping.

Meanwhile the number of people who filed for unemployment assistance in the U.S. posted its sharpest rise since September 2017, raising concerns over the health of the economy. Still, the number

The dollar was weaker against the safe-haven yen, with losing 0.26% to trade at 108.72.

Elsewhere, the euro dipped with flat at 1.1476 as news that Italy is in a recession spooked investors. The pound was down with falling 0.08% to 1.3104 as Brexit woes continued.

The risk sensitive Australian and New Zealand dollars were higher, with jumping 0.5% to 0.7283 and up 0.6% to 0.6932.

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