From Forexlive: 2024-06-11 04:34:00

The Federal Reserve maintained the federal funds rate at 5.25%-5.50%, with a 70% chance of a rate cut in September. The U.S. Dollar Index is in a downtrend, potentially falling further if dovish statements from Fed officials materialize. Job openings decreased, private payrolls added 152,000 workers, and initial jobless claims rose, increasing the likelihood of an autumn rate cut.

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Read more at Forexlive: The U.S. dollar: how will the Fed’s key rate decision affect it?