The dollar fell broadly on Thursday, with risk-sensitive Asian currencies leading gains, as investors cheered a likely peak in U.S. interest rates after the Federal Reserve left them on hold.
Focus now turns to the Bank of England and sterling crept 0.3% higher to $1.2180 and firmed to 86.98 per euro in anticipation of rates being held at high levels.
Fed Chair Jerome Powell left the door open to another hike, but with the funds rate target ceiling at 22-year high of 5.5% he said the risks of doing too much or too little were now balanced.
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