The dollar index decreased by 0.097% to 102.48 points, remaining slightly above a seven-week low of 101.91 reached yesterday, Thursday.
On Wednesday, the Federal Reserve raised interest rates by 25 basis points as expected, but adopted a cautious stance regarding further increases due to disruptions in the banking sector, although Fed Chair Jerome Powell left the door open for another rate hike if necessary.
U.S. Treasury Secretary Janet Yellen confirmed yesterday that she is prepared to take further actions to ensure the safety of American bank deposits to calm investors.
The yen rose by 0.5% to 130.16 against the dollar after touching a six-week high of 130.055 earlier in the session.
The British pound stabilized at 1.2285 dollars after hitting a seven-week high of 1.2341 dollars yesterday in volatile trading.
The euro increased by 0.03% to 1.0833 dollars, remaining below its seven-week high of 1.0930 dollars.
Investor focus will be on the Purchasing Managers’ Index data for March from the Eurozone, Germany, France, and the UK, scheduled to be released later today to assess the state of the European economy.
The Australian dollar rose by 0.07% to 0.669 against the dollar, while the New Zealand dollar fell by 0.14% to 0.624 against the dollar.
