The USDX traded near 98.95 during Thursday’s Asian session following a Wednesday climb of 0.36%, as markets reacted to a divided Federal Reserve decision to maintain interest rates between 3.50% and 3.75%. Outgoing Chair Jerome Powell, in his final meeting, noted rising near-term inflation expectations and confirmed he would remain on the Board of Governors indefinitely. Investors have significantly raised the probability of a future rate hike by 2027, and attention now shifts to the upcoming preliminary U.S. Q1 GDP and March PCE Price Index reports for further direction. Gold maintained slight intraday gains around ... (full story)