LONDON—The dollar hit a 6–1/2 month high on Thursday after the U.S. Federal Reserve signalled policy would remain restrictive for longer, even after holding rates steady, while the Swiss franc tumbled after the Swiss National Bank kept rates unchanged.
The pound sank to its lowest since April before the Bank of England announces policy later in the day, the yen was at its lowest since November before Friday’s Bank of Japan policy announcement, while central banks in Sweden and Norway both met expectations for 25 basis point rate rises.
