The US dollar dropped sharply against major currencies following the release of Federal Reserve's rate decision at 12:30 pm ET Thursday. The Federal Open Market Committee or FOMC , Fed's policy making arm, maintained its key interest rate unchanged at 0.0 percent- 0.25 percent.
As of now, the greenback is trading near 0.9378 against the Swiss franc, 77.21 versus the yen, 1.6150 against the British pound and 1.2945 versus the euro.
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Forex News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.