financetom
News
financetom
/
News
/
US dollar rebounds before Fed's policy decision
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
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.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Canadian dollar rebounds from two-month trough
Canadian dollar rebounds from two-month trough
Mar 23, 2026
The Canadian dollar rose slightly against its US counterpart on Monday, as recent pessimism over the outlook for the Middle East war eased, allowing it to recover part of its losses after hitting a two-month low earlier in the session. The Canadian currency, known as the loonie, was trading up 0.1% at 1.3715 per US dollar, or 72.91 US cents,...
Euro gives up two-week high on the Iranian war developments
Euro gives up two-week high on the Iranian war developments
Mar 24, 2026
The euro fell in European trading on Tuesday against a basket of global currencies, retreating from a two-week high against the US dollar amid corrective activity and profit-taking, as demand returned for the US currency as a preferred safe-haven asset, especially after the United States and Israel launched airstrikes on Iranian energy infrastructure. Targeting Iranian energy facilities has significantly complicated...
Aussie extends losses after inflation data
Aussie extends losses after inflation data
Mar 25, 2026
The Australian dollar fell in Asian trading on Wednesday against a basket of global currencies, extending its losses for the fourth consecutive day against its US counterpart and moving lower toward a seven-week low, following the release of key inflation data in Australia. The data showed an unexpected slowdown in Australian inflation in February, easing inflationary pressures on policymakers at...
Yen resumes losses after airstrikes on Iranian infrastructure
Yen resumes losses after airstrikes on Iranian infrastructure
Mar 24, 2026
The Japanese yen fell in Asian trading on Tuesday against a basket of major and minor currencies, resuming its losses against the US dollar as demand returned for the US currency as a preferred safe-haven asset, especially after the United States and Israel launched airstrikes on Iranian energy infrastructure. Targeting Iranian energy facilities has significantly complicated the diplomatic landscape, as...
Copyright 2023-2026 - www.financetom.com All Rights Reserved