US dollar falls against world currencies after Fed meeting

The US dollar fell in price on February 2 morning against other major world currencies after the decision of the US Federal Reserve System (FRS) on the rate and the statements of the head of the regulator, Report informs referring to the auction data.

The euro against the dollar rose to $1.1023 from the last close of $1.0989. The dollar against the yen fell to 128.47 yen from 128.93 yen. The dollar index (the exchange rate against a basket of currencies of six US trading partners) fell by 0.36% to 100.85 points.

The Fed expectedly raised the base interest rate on February 1 evening by 25 basis points to 4.5-4.75% per annum. US Central Bank Chairperson Jerome Powell said at a press conference that the Fed is likely to continue raising rates to curb inflation.