Dollar Steadies After Fed Holds Rates Amid Geopolitical Tensions

The US dollar regained its footing in Asian markets on Thursday after the Federal Reserve decided to keep interest rates steady. The decision was seen as a surprise, as three committee members had voted in favor of a July hike.

'Despite three committee dissents in favour of a July hike, Chair Warsh stopped short of flagging an imminent hike, echoing June's tone,' said IG market analyst Fabien Yip.

The dollar index, which measures the greenback's strength against six currencies, nudged up 0.1 per cent to 100.89 after the US said it was conducting air strikes in Iran.