What you need to know on Thursday, September 19:
The US dollar lost gains against major pairs as markets understand the Federal Reserve's decision. The Fed cut rates by 25 basis points as expected and it signaled no further cuts for this year or the next.
Gold has also recovered and is trying to recapture $1,500.
The Bank of Japan left its interest rate unchanged at -0.10% and did not introduce additional measures, so the yen strengthened.
The Bank of England is set to leave its policy unchanged with interest rates at 0.75%. While wage growth has accelerated, inflation has decelerated. Uncertainty about Brexit paralyzes policymaking. Speculation about a potential extension of Governor Mark Carney's term will probably not be addressed in this decision. We will have BOE meeting and UK retail sales in today’s economic calendar.
The New Zealand dollar has stabilized after GDP was reported better than expected.
Oil prices have consolidated their losses with WTI Crude Oil trading around $58. Saudi Arabia sounded confident about restoring oil output.
The US economic calendar features the Philly Fed Manufacturing Index, Jobless Claims, and Existing Home Sales. These second-tier figures may impact currencies if they all go in the same direction.
Bitcoin fell below $10,000 and carried other cryptocurrencies lower.