Dollar Edges Higher as Fed Signals Patience on Rate Cuts

The U.S. dollar gained slightly on Thursday after the Federal Reserve indicated it was in no hurry to cut interest rates further this year, citing uncertainties surrounding U.S. tariffs. The cautious stance reassured investors, keeping the dollar steady.

Meanwhile, the British pound weakened ahead of the Bank of England’s policy decision, as markets awaited signals on the central bank’s next move amid ongoing economic uncertainty.