⁍ The safe-haven yen rose to a seven-week high against the dollar and a 1-1/2-month peak versus the euro.

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⁍ The dollar index rose to a one-week high, but was last little changed on the day.

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⁍ Shares on Wall Street were lower and U.S. Treasuries were fairly well-supported.

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– The Federal Reserve kept interest rates near zero and signaled a dour economic outlook in a two-day meeting that ended Wednesday. The Fed said it would keep rates near zero until the labor market reached “maximum employment” and inflation was on track to “moderately exceed” the 2% target, with most policymakers seeing rates on hold through at least 2023, the Wall Street Journal reports. The dollar fell to a seven-week low against the yen and hit a one-week high against the euro, but rose to a one-week high against the dollar and a 1-1/2-month peak against the euro, Reuters reports, amid another batch of generally weak US data and overall uncertainty about the economic outlook. “What we’ve seen in the aftermath of the Fed meeting is a bit of a risk-off tone and one of the things that’s come back into play since early September is a realignment of FX and equity correlations so the consolidation of the dollar remains intact and there’s some negative bias in the risk space,” says Mazen Issa, senior FX strategist at TD Securities. “It’s helping to put a little more downside pressure on some of the majors.”