The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, rallies towards 104.00 on Thursday after the Federal Reserve (Fed) kept borrowing costs unchanged and projected two interest rate cuts for 2025.
The Dow Jones Industrial Average (DJIA) held steady within familiar territory on Wednesday, but holding a bullish stance as investors gear up for another showing from the Federal Reserve (Fed).
The US Dollar remains under pressure at the start of the week, drifting lower as investors digest softer-than-expected Retail Sales data and brace for key political developments.