The U.S. dollar traded in a tight range Thursday, as investors pored over a mixed bag of the latest economic data, a day after the Federal Reserve’s policy statement.
The Fed left interest rates unchanged on Wednesday, as expected, but the currency market offered a lukewarm reaction to U.S. policy makers.
What are currencies doing?
The ICE U.S. Dollar Index DXY, -0.07% which measures the buck against a basket of six currencies, was down 0.1% at 92.402. The index on Wednesday rose marginallyand hit its highest level since late December during the session.
The broader WSJ U.S. Dollar Index BUXX, -0.08% fell 0.4% to 86.03.
The euro EURUSD, +0.0501% climbed to $1.1994 from $1.1950 on Wednesday, while the British pound GBPUSD, +0.0663% slipped slightly, fetching $1.3577, down from $1.3575.