The dollar is climbing after stumbling the day before.
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The dollar is climbing
The US dollar index is stronger on Thursday.
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The US dollar index was up by 0.4% at 97.32 at 8:35 a.m. ET.
On Wednesday, the Federal Reserve hiked rates and laid out its plan to unwind its $4.5 trillion balance sheet.
"The US dollar gains scored yesterday in response to what appeared to be a more hawkish FOMC than expected have been extended today," said Marc Chandler, global head of currency strategy at Brown Brothers Harriman.
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The dollar index fell on Wednesday to its lowest level since October 2016 after a slew of disappointing data: consumer prices fell more than expected and retail sales disappointed in May.
As for the rest of the world, here was the scoreboard as of 8:35 a.m. ET:
- British pound
- kept policy on hold
- e bank's Monetary Policy Committee voted 5 to 3 in favor of holding rates at their current levels. The vote's composition had been expected to be 7 to 1 in favor of a hold.
- Australian dollar
- jobs report
- Russian ruble
- euro
- Japanese yen
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