The U.S. dollar has softened against most major currencies Wednesday afternoon after the Federal Reserve left interest rates unchanged as widely expected, and said it would be 'patient' with regard to future rate increases.
After holding firm against major currencies earlier in the day thanks to a report from payroll processor ADP that private sector showed a bigger than expected increase in private sector jobs growth in January, the dollar climbed down a bit sharply, reacting to the dovish tone of the central bank.
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Forex News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.