Array
The dollar was on the back foot on Thursday after the Federal Reserve delivered what some expected to be its last rate hike, while market focus shifted across the Atlantic to the European Central Bank’s (ECB) rate decision later in the day.
The Fed on Wednesday raised interest rates by a quarter of a percentage point, as expected, marking the central bank’s 11th rate increase in its last 12 meetings.
While Fed Chair Jerome Powell left the door open to another hike in September, traders were unconvinced, sending the U.
