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Dollar pauses before Fed decision
The US dollar remained steady amid investors' anticipation of the upcoming Federal Reserve decisions next week. Expectations are leaning towards keeping interest rates unchanged, accompanied by a hawkish tone from the bank. The strong growth in the US economy, driven by a surge in artificial intelligence, has led to expectations of maintaining higher interest rates for a longer period, supporting the strength of the dollar. Conversely, the currencies of Canada, Australia, and New Zealand rose against the dollar, while the euro and yen remained within narrow ranges. The euro faced increasing pressure due to financial risks in France and the deteriorating situation in the European market.
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