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Dollar halts six-day rally after Fed hike, sterling slips after BoE stands pat
The U.S. dollar on Thursday paused a six-session winning streak a day after the Federal Reserve delivered an interest rate hike as widely expected. The focus was now on the Bank of England’s move to hold rates steady, while FX desks also geared up for anticipated policy tightening from the Bank of Japan.
At 15:20 ET (19:20 GMT), the U.S. dollar index, which tracks the world’s premier currency against a basket of six major peers, was just under the flatline at 100.23.
Dollar rises ahead of pivotal Fed rate decision, sterling slips as UK CPI heats up
The U.S. dollar on Wednesday ticked up a sixth straight day, as currency market participants geared up for the first anticipated Federal Reserve interest rate hike in over three years. Meanwhile, the sterling slipped after government data showed an acceleration in consumer inflation in August.
At 12:45 ET (16:45 GMT), the U.S. dollar index, which tracks the greenback against a basket of six major peers, rose 0.1% to 99.69.
Gold up 1% as oil prices take a breather ahead of consequential Fed rate decision
Gold prices on Wednesday snapped a two-day losing streak, as a fall in oil prices offset expectations for a Federal Reserve rate hike.
At 13:01 ET (17:01 GMT), spot gold rose 1.2% to $4,344.14/oz, while gold futures advanced 1.2% to $4,385.59/oz. Both contracts had declined over the last couple of sessions on elevated monetary policy tightening odds.
Oil slips as Saudi Arabia offers more crude via Oman
NEW YORK, Sept 16 (Reuters) - Oil prices fell on Wednesday after reports that Saudi Arabia was offering more crude cargoes via Oman eased some concerns about Middle East supply disruptions, and a smaller-than-expected draw from the U.S. crude stockpile added more downward pressure.
Brent crude futures were down $3.63, or 3.3%, at $105.12 a barrel by 11:23 a.m. EDT (1523 GMT). U.S. West Texas Intermediate futures were down $4.11, or 3.9%, at $101.72.
Saudi Arabia is offering more loadings of crude oil to Asian refiners via ship-to-ship transfers off Oman’s Sohar port, people familiar with the matter said, blunting some of the hit to global supply from attacks on the country’s East-West pipeline to the Red Sea.

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