A slump in the dollar after the Federal Reserve’s latest interest-rate hike will be a breath of fresh air for emerging-market policymakers as it puts a floor under their currencies and eases their efforts to control inflation. The greenback weakened across the board Thursday, resuming a downtrend that started in earnest six months ago, and allowing the South Korean won, for example, to soar more than 2% to a one-month high. Such moves should make imports cheaper, helping to moderate price pressures. (Bloomberg)

EUR/USD picks up bids to extend six-day uptrend towards two-month high. Multiple hurdles marched since late January challenge Euro pair buyers. Sellers need validation 200-SMA, weekly support line restricts immediate downside. MACD favors bulls but RSI (14) line suggests limited room towards the north. (FXStreet)

AUD/USD has climbed to near 0.6750 as Fed signaled a pause in the rate-hiking spree. The Fed has not surrendered its weapons in front of stubborn inflation yet as it won’t look for any rate cuts this year. More downside in the USD Index cannot be ruled amid an absence of blanket insurance for all deposits in collapsed banks. (FXStreet)

GBP/USD has printed a fresh day's high at 1.2330 as the USD index has continued its downside journey. The cable is auctioning in a Rising Channel chart pattern in which every pullback is considered as a buying opportunity. A range shift move by the RSI (14) into the bullish territory of 40.00-80.00 cement more upside ahead. (FXStreet)

USD/JPY portrays corrective bounce after refreshing 1.5-month low during two-day fall. Yields remain pressured amid dovish Fed hike, banking sector turmoil. Downbeat Reuters Tanks survey details, comments from Citibank CEO seem to underpin latest rebound. Second-tier data, risk catalysts can entertain Yen pair sellers ahead of Friday’s Japan inflation. (FXStreet)

USD/CAD holds lower ground near intraday bottom during the first loss-making day in three. Convergence of 21-EMA, horizontal resistance-turned-support from early January challenges sellers. Bearish MACD signals, downbeat RSI (14) suggests further downside of the Loonie pair towards monthly low. (FXStreet)

USD/CHF remains depressed at one-week low during three-day losing streak. U-turn from 100-DMA, sustained observance of fortnight-old resistance line favor bears. Downbeat oscillators add strength to the south-run targeting seven-week-old support line. 50-DMA joins short-term resistance line to highlight 0.9255 as the key upside hurdle. (FXStreet)

USD/MXN fades bounce off one-week low as 50-DMA pushes back bullish bias. Bullish candlestick formation, clear bounce off 21-DMA challenges sellers. MACD, RSI conditions suggest further grinding towards the south. Buyers need successful break of 61.8% Fibonacci retracement for conviction. (FXStreet)

USD/TRY picks up bids to pare Fed-induced losses ahead of CBRT Interest Rate Decision. Fed’s dovish hike, banking sector rout weigh on yields and US Dollar but hopes of CBRT inaction prod pair bears. Turkish Consumer Confidence for March may offer immediate directions. Central Bank of the Republic of Türkiye is expected to hold benchmark rate unchanged at 8.5%. (FXStreet)

USD/INR keeps Fed-induced losses around one-week low, depressed of late. Fed’s dovish rate hike joins cautious optimism in Asia to underpin Indian Rupee strength. Yields remain pressured as bank fears propel market’s rush toward bonds, Gold price. Some more central bank decisions, second-tier data to entertain traders but banking sector turmoil keeps USD/INR bears hopeful. (FXStreet)

The S&P 500 sank 1.6% on Wednesday in the aftermath of March’s Federal Reserve interest rate decision and accompanying press conference from Chair Jerome Powell. The central bank raised borrowing costs by 25 basis points, bringing the target range to 4.75% - 5%. Initially, markets welcomed the event as the statement noted that policymakers “anticipate” some extra firming might be appropriate. (DailyFX)

The index extends the bearish move below the 102.00 mark. Markets continue to adjust to the Fed’s dovish hike. Weekly Claims, New Home Sales, takes centre stage later on Thursday. The greenback, in terms of the USD Index (DXY), remains well on the defensive and breaks below the 102.00 yardstick for the first time since early February. (FXStreet)

Gold bulls drive price back up after Federal Reserve signals less future rate hikes likely. Federal Reserve Chairman Powell highlights banking risks, suggesting these may do the work of tightening for the Fed. US Dollar weakens on the news, and negatively correlated Gold rises. (FXStreet)

Bitcoin turned south late Wednesday and lost more than 3%. BTC/USD, however, found its footing early Thursday and started to climb toward $28,000. After having lost nearly 4% on Wednesday, Ethereum is up 1% early Thursday, trading slightly above $1,750. (FXStreet)

Source: FXStreet, DailyFX, Bloomberg

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