CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and can afford the risks. Trading CFDs is high risk and is not suitable for everyone. Refer to our PDS and Target Market Determination. AFSL 513393
Open platformOpen platform

Dollar flat against peers after Fed holds rates steady

By Reuters News

By Chibuike Oguh

NEW YORK, Oct 28 (Reuters) - The US dollar was mostly flat against major currencies on Wednesday after the Fed delivered an expected rate decision, while the New Zealand dollar fell sharply after the country's central bank surprisingly left interest rates unchanged.

The Fed held interest rates steady, as expected, opting to delay any changes to borrowing costs until after next week's US midterm elections and awaiting further data on the path of inflation.

The euro was up 0.09% against the dollar at $1.1134. Against the Japanese yen , the dollar was up 0.21% to 158.20 yen.

The dollar index , which measures the greenback's strength against a basket of six other currencies, was flat at 102.36.

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.