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Dollar holds gains against euro, yen after Fed stands pat on rates

BY Reuters | ECONOMIC | 01/28/26 02:15 PM EST

NEW YORK, Jan 28 (Reuters) - The U.S. dollar held gains against ?the euro and ?the yen on ?Wednesday after the ?U.S. ?Federal Reserve kept ?interest rates ?steady, citing still-elevated inflation alongside ?solid ?economic ?growth, and gave little indication in its ?latest policy statement of when borrowing costs might fall again.

The ?euro ?was 1% lower against the ?dollar at $1.19163, while the greenback was up 1.1% against the yen ?at 153.90 yen.

(Reporting by Saqib Iqbal Ahmed; Editing ?by Chris Reese)

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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