Further uptick in upward momentum may lead to US Dollar (USD) edging higher; any advance is unlikely to threaten the 7.1220 level. In the longer run, USD must break and hold below 7.0860 before further downside is likely, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
The Gold price came under pressure with some delay after the Fed meeting. A brief rise to a new record high of more than $3,700 per troy ounce was followed by a decline of around $70 by Thursday morning, Commerzbank's commodity analyst Carsten Fritsch notes.
The Indian Rupee (INR) opens on a slightly negative note against the US Dollar (USD) on Friday. The USD/INR pair ticks up to near 88.40, extending its Thursday’s strong recovery move.