The U.S. dollar gained strength on Friday, defying a general dip earlier in the week after the Federal Reserve’s rate cut. The U.S. Dollar Currency Index saw an increase of 0.3%, bolstered by signals of a gradual rate easing in the future.
Meanwhile, the British pound experienced a decline due to a surge in borrowing that surpassed forecasts, raising concerns about the fiscal health of the UK. The pound fell 0.6% amid further complications in the country’s fiscal outlook.
In Japan, the yen remained stable post-BOJ meeting, though dissent on the board suggests potential rate hikes could occur sooner than anticipated. This adds to a mixed outlook for global currencies, with the New Zealand dollar also dropping after weak economic estimates.
