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US dollar rebounds before Fed's policy decision
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US dollar rebounds before Fed's policy decision
Jun 17, 2025 2:35 PM

The US dollar rose against most major rivals as traders assess latest geopolitical developments in the Middle East, and before the Feds policy decision.

Recent data showed US retail sales fell 0.9% m/m to $715.4 billion in May, while analysts expected a 0.6% drop, as auto sales drop following Trumps tariffs.

Later today, the Federal Reserve will convene and discuss policies, and will announce its decision tomorrow, widely expected to hold interest rates unchanged at below 4.5%.

Markets were concerned after US President Trump urged Iranians to evacuate Tehran on Tuesday, coinciding with his early leave from the G7 meeting in Canada.

Otherwise, the dollar index rose 0.8% as of 19:49 GMT to 98.8, with a session-high at 98.8, and a low at 98.02.

Aussie

The Australian dollar fell 0.8% against its US counterpart as of 20:05 GMT to $0.6473.

Loonie

The Canadian dollar fell 0.5% against its US counterpart to 0.744.

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