Dollar retains strength against peers after Fed rate decision
The Fed kept its benchmark interest rate steady in the 4.25 per cent-4.50 per cent range, but said that the risks of higher inflation and unemployment had risen and that the U.S. economic outlook remains uncertain.
"They were a little more hawkish than a lot of the market expected and they didn't really change or water down any of the views on inflation being above average or the jobs market selling at a low level," said Marvin Loh, senior global market strategist at State Street in Boston.
"I still think we're in an extended hold period until data tells them that they need to do something and/or we get a lot more trade clarity," Loh added.
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