Dollar Index Breaks 100 Barrier Amid Market Volatility

The U.S. dollar gained traction on Thursday following the Federal Reserve's decision to hold its policy rate steady, leaving traders uncertain about future monetary policy directions.

This development led to a surge in the dollar's value as investors sought safe havens amidst global market uncertainty.

The euro fell to $1.1458, while the yen weakened slightly, trading at around 163.5 to the dollar.

Meanwhile, the pound held steady at $1.337, awaiting a Bank of England decision that could further influence financial markets globally.