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The Economic Times

Business

Dollar on the defensive ahead of first Fed decision under Warsh

Kevin Warsh Bank of Japan United States US Federal Reserve BOJ Iran Monetary Policy

The dollar eased on Wednesday ahead of the Federal Reserve's first policy decision under Chair Kevin Warsh, with lingering optimism over an interim U.S.-Iran peace deal underpinning risk appetite and dampening demand for the U.S. currency.

The yen found little respite against a weaker greenback and teetered further into intervention territory, after a well-telegraphed Bank of Japan (BOJ) rate hike delivered few surprises.

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