Fed's 'lack of urgency' boosts usd as market adjusts

The Federal Reserve's signal of 'lack of urgency,' aligning with expectations, resulted in a limited market reaction, according to Danske Bank FX analysts. The yield curve flattened slightly as the USD gained ground. EUR/USD fell to 1.13. Analysts suggest that the absence of urgent news is currently beneficial for the U.S. dollar. Investors are likely reducing their short USD positions from an extended negative territory. This adjustment contributes to the dollar's relative strength in the market.