The Federal Reserve maintained interest rates but saw three dissenters favoring a 25-basis-point hike, lifting the euro.
The euro rose against the dollar, trading above 1.1420, after the Federal Reserve left interest rates unchanged in a 9-3 vote. Three policymakers dissented, pushing for a 25-basis-point increase.
The decision followed market expectations of a hold, though the dissent signaled lingering hawkish sentiment. The Fed’s stance contrasted with recent inflation data, which had fueled speculation of tighter policy.
Traders now await remarks from former Fed governor Kevin Warsh for further direction on monetary policy.