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Forex Today: US Dollar tumbles after divided Fed hold, Oil surges on Middle East escalation
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FXStreet Forex & Commodities News
Despite the hawkish dissenting votes, the decision to remain on hold raised doubts about whether enough policymakers will support a rate increase at the September meeting.
US Dollar Price Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today.
GBP/USD rises around 0.5% and trades near 1.3360 ahead of the Bank of England’s monetary policy announcement on Thursday.
USD/JPY falls around 0.2% and trades near 163.50 as the broad decline in the Greenback allows the Japanese Yen to recover modestly.
West Texas Intermediate (WTI) Oil surges more than 7% and trades near $85 per barrel as the conflict in the Middle East intensifies.