The dollar recovered on Thursday in Asia, after falling the previous day, as the U.S. Federal Reserve surprised markets by announcing there will be no more rate hikes in 2019.
The Fed flagged slowing global and domestic growth as it left its benchmark rate in a range of 2.25% to 2.5%. The central bank then signalled that it would continue to keep rate hikes off the table for the remainder of the year.
The news sent the U.S. Dollar Index lower against a basket of other currencies overnight. The index clawed back some of its losses today and gained 0.2% to 95.382 by 11:30 PM ET (03:30 GMT).
Source : Investing.com