Forex Market Update

The dollar USDJPY, -0.10%  traded flat at 118.60 yen, compared with ¥119.25 late Tuesday in New York. The euro EURUSD, +0.14%  traded at $1.1397, compared with $1.1403.

Meanwhile, the British pound GBPUSD, +0.08%  traded higher against the dollar, building on momentum from the rate-setting U.K. Monetary Policy Committee’s unanimous vote to leave the central bank’s benchmark interest rate at 0.5% and its bond-buying program unchanged.

The pound GBPUSD, +0.08%  was last at $1.5455, just below its highest level since the beginning of 2015, compared with $1.536 before the meeting.

The ICE U.S. Dollar Index, DXY, -0.09%  , a measure of the dollar’s strength against a trade-weighted basket of six major currencies, was up 0.07% to 94.1190.

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