Dollar Steadies Amid Fed Inaction, Bitcoin Edges Up

The US dollar regained its footing at the start of Asian trading on Thursday after the Federal Reserve kept its policy interest rate unchanged.

This decision was met with mixed reactions from investors, as Chair Kevin Warsh left markets guessing about how divisions within the Fed's rate-setting committee would resolve.

The British pound weakened by 0.1% to $1.3355 ahead of a Bank of England interest rate decision, while market participants expected no change.

The Australian dollar and New Zealand dollar remained steady at $0.6959 and $0.5795 respectively, with the yen also remaining level at 163.455 yen per US dollar.

Crypto markets saw some movement, with bitcoin up 0.3% to $63,650.06 and ether rising 0.7% to $1,896.66.