The dollar strengthened after the Federal Reserve kept interest rates steady, with 9-2 vote against a cut. Fed Chair Powell expects a slow process to understand trade tariffs’ impact on inflation. U.S. economic growth rebounded to 3% in Q2, boosting the dollar against the euro. The euro is set for its first monthly drop in 2025 after a U.S.-EU trade deal. Treasury yields rose, with the 2-year note yield at 3.941%. Focus shifts to China-U.S. trade negotiations as Trump imposes tariffs on Indian and Brazilian goods. German economy contracted, while France’s economy beat forecasts. BoJ Governor’s comments awaited on possible rate hike. Dollar strengthens against yen and Swiss franc.

Read more at Yahoo Finance: Dollar gains against peers after Fed leaves rates unchanged