Investing.com - The dollar regained some ground against other majors currencies on Friday, as markets continued to digest the Federal Reserve’s latest policy decision.
EUR/USD eased 0.08% to 1.1198.
The greenback had weakened broadly after the Fed decided on Wednesday to leave interest rates unchanged and projected a less aggressive rise in interest rates next year and in 2018.
However, the U.S. central bank signaled that it could tighten monetary policy before the end of the year if the job market continued to improve.
The dollar found some support after the U.S. Department of Labor said on Thursday that initial jobless claims decreased by 8,000 last week to 252,000, the lowest level since July.
GBP/USD slid 0.28% to trade at 1.3038.
Meanwhile, USD/JPY edged up 0.17% to 100.92, easing off Thursday’s one-month low of 100.06.
Markets were also still recovering from the Bank of Japan’s decision to refrain from cutting interest rates further into negative territory or expanding its asset purchase program on Wednesday, instead switching to targeting interest rates as a way to reach its inflation target.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.12% at 95.43, after hitting a nearly two-week low of 94.95 on Thursday.