The dollar extended its slide on 30 July 2026 as markets kept digesting Wednesday's Fed meeting, with USD/JPY swinging sharply before settling near 163.00. The Bank of England held its bank rate steady, and euro area data pointed to Q2 growth resilience even as fresh inflation numbers raise the stakes for the ECB in September.
The dollar kept losing ground in Thursday's European session, still reacting to Wednesday's FOMC meeting and what the session's markets wrap called Fed chair Warsh's perplexing press conference. The greenback recovered some ground early on before falling back, erasing its earlier advance. It lagged on the day while the New Zealand dollar led.
USD/JPY saw a quick and sudden drop, falling from 163.30 to 162.28 before rebounding to settle closer to 163.00. Pressure lingered on the bond market too, with the 10-year Treasury yield touching 4.71% before easing back to around 4.68% — a spot traders are watching for broader market effects if the selloff continues.
The Bank of England's decision was the session's main event, and it arrived roughly as expected. The central bank kept its bank rate unchanged, leaving the door open to future rate hikes while signaling it is not rushing to act again for now.
Euro area data reaffirmed resilience in Q2 growth conditions. However, July inflation numbers are starting to add pressure for the ECB to move again in September.
Source: Investinglive RSS Breaking News Feed
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