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Dollar holds gains against euro, yen after Fed stands pat on rates

By Thomson Reuters Jan 28, 2026 | 1:15 PM

NEW YORK, Jan 28 (Reuters) – The U.S. dollar ‍held gains against the euro and the yen on Wednesday ‌after the ‌U.S. Federal Reserve kept interest rates steady, citing still-elevated inflation ​alongside solid economic growth, ‍and ​gave little indication ​in its latest ‍policy statement of when borrowing costs might fall again.

The euro ‍was 1% lower against the dollar ‍at $1.19163, ‍while the ​greenback was ​up ⁠1.1% against the ‌yen at 153.90 yen.

(Reporting by Saqib Iqbal Ahmed; Editing by Chris ⁠Reese)