The US dollar remained trading at a 2-year high after a strong surge in reaction to the FOMC meeting results early Thursday morning.
However, the momentum slowed slightly to continue trading for the next few sessions.
Back to add support for the US dollar when the US (US) economic growth data report published in the New York session yesterday.
The latest reading for US third-quarter 2024 growth, which is expected to remain the same as the previous figure of 2.8%, has increased to 3.1%.
After the FOMC, yesterday's focus shifted to the results of the policy meetings of the central banks of Japan and England.
The Bank of Japan (BOJ) kept the interest rate unchanged at 0.25% amid expectations that a rate hike will be implemented.
Governor Kazuo Ueda explained that he wanted to see the momentum of earnings next year first and the forecast report for January 2025.
The Bank of England (BOE) also kept interest rates unchanged at 4.75% with a difference of 3 votes for a rate cut, while 6 voted to maintain.
The Pound currency plunged significantly after the meeting's results as the central bank was seen to still maintain its policy easing until next year.
UK retail sales data will be published in the European session today (Friday) which is seen as the next driver for the Pound currency.
In the New York session for the close of trading this week, Canadian retail sales data will be published along with US PCE price index data which measures personal consumer spending.
As one of the components of inflation focused by the Federal Reserve (Fed), analysts expect it to have a significant impact on the US dollar currency in the last session.
