Dollar Recovers From Post-Fed Falls -- Market Talk
Dow Jones2026/07/30 06:410641 GMT - The dollar recovers after reaching a one-week low Wednesday following the Federal Reserve's decision to keep interest rates unchanged. The decision was largely expected but some market participants were pricing a risk of a rate rise. Three policymakers voted to raise rates but they are known for favoring tighter policy, Commerzbank's Michael Pfister says in a note. The dollar was also hit by Fed Chair Kevin Warsh sidestepping questions about how he intends to achieve the 2% target, he says. However, the market still expects a rate rise by year-end as U.S.-Iran strikes lift oil prices while the dollar benefits from its safe-haven role. The DXY dollar rises 0.1% to 101.004 after reaching a low of 100.762 Wednesday. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
July 30, 2026 02:41 ET (06:41 GMT)
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