Dollar steady after rebound from 3-1/2-year low in post-Fed rollercoaster ride

The U.S. dollar experienced volatility following the Federal Reserve’s rate cut and cautious outlook, initially plummeting before rebounding. The Fed’s decision, characterized as risk management, led to uncertainty about future rate adjustments. Meanwhile, the Bank of England is expected to hold rates steady, while the Bank of Japan is anticipated to maintain its current policy.