Uncertainty continues to plague the market towards the end of this week's trading with movements for major currencies remaining mixed.
The US dollar was flat in the Asian and European sessions yesterday after showing a strengthening of value a few days earlier as risk sentiment remained driving the market.
However, in the New York session yesterday, the US dollar began to show a decline again, continuing trading into the Asian session this morning (Friday).
The Iran-Israel war conflict is still being observed, entering the 8th day after the first Israeli attack began last Friday.
Adding to the tension in the war situation is the intervention of the United States (US), which has already deployed its warplanes to control Iranian airspace.
President Donald Trump did not give a clear answer whether the United States will join Israel in attacking Iran, but the market is now preparing for the situation.
After the results of the FOMC meeting were known early Thursday morning, the market also focused on several other central banks.
The Swiss National Bank (SNB) cut interest rates by 25 basis points from 0.25% to 0.00%.
Meanwhile, the Bank of England (BOE) met expectations to keep interest rates unchanged at 4.25%.
BOE Governor Andrew Bailey maintained a dovish tone commenting on the uncertain economic situation and inflation rates remaining on their downward path.
The pound, however, managed to bounce back from a 4-week low against the US dollar hit in the previous decline.
To close this week, the market will examine the release of Japanese inflation data in the Asian session and UK retail sales data in the European session.
