Forex Today: US Dollar eases ahead of Bank of Japan decision

Agustin Wazne FXStreet

Here is what you need to know for Friday, September 18:

The US Dollar (USD) is ending Thursday softer. The US Dollar Index (DXY) hovers just above the 100.00 mark after climbing to a seven-week high earlier in the week. The sideways action follows Wednesday's decision by the Federal Reserve (Fed) to raise interest rates for the first time since 2023. The hike briefly lifted the Dollar, but the move faded as energy prices came off their highs and President Donald Trump renewed his demand for sharply lower rates.

The Fed's message was clearly hawkish with Chair Kevin Warsh flagging that another hike could still come this year, which should keep a floor under the Greenback. A sharp rally in Gold and a steadier tone in equities point to firmer risk appetite as traders turn to a busy Friday dominated by the Bank of Japan (BoJ).

US Dollar Price Today

The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the British Pound.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		-0.10%	0.19%	-0.17%	0.03%	-0.32%	-0.33%	-0.17%
EUR	0.10%		0.30%	-0.07%	0.14%	-0.24%	-0.19%	-0.05%
GBP	-0.19%	-0.30%		-0.35%	-0.16%	-0.53%	-0.49%	-0.33%
JPY	0.17%	0.07%	0.35%		0.15%	-0.15%	-0.17%	-0.02%
CAD	-0.03%	-0.14%	0.16%	-0.15%		-0.34%	-0.33%	-0.16%
AUD	0.32%	0.24%	0.53%	0.15%	0.34%		0.03%	0.15%
NZD	0.33%	0.19%	0.49%	0.17%	0.33%	-0.03%		0.18%
CHF	0.17%	0.05%	0.33%	0.02%	0.16%	-0.15%	-0.18%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).

EUR/USD clings to modest gains in the high-1.1400s, holding firm as the softer Dollar lends support.

GBP/USD stays on the back foot in the mid-1.3300s, unable to recover after the Bank of England's cautious hold.

USD/JPY drifts lower toward the 156.00 region as traders brace for a widely expected BoJ rate hike.

AUD/USD has extended its rebound into the low-0.7100s, the day's strongest major as risk appetite improves.

Gold has surged, pushing above $4,350 per troy ounce and building on a powerful run.

West Texas Intermediate (WTI) Oil holds above the $100.00 mark, steadying after its recent pullback.

Author

Agustin Wazne

FXStreet

Agustin Wazne joined FXStreet as a Junior News Editor, focusing on Commodities and covering Majors.

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