Dollar Weakens as Euro Gains Ground After Central Bank Decisions

The U.S. dollar slipped against the euro on Thursday after the Federal Reserve and the European Central Bank (ECB) announced their latest interest rate decisions. The euro rose as investors digested signals from both central banks about the future path of borrowing costs. The Fed and the ECB each held rates steady, but markets interpreted their statements differently, pushing the euro higher against the dollar. The British pound also extended its recent gains, continuing a strong run against major currencies. Traders now focus on upcoming economic data for clues about when the Fed and ECB might next adjust rates.