The dollar held near a seven-week high after the Federal Reserve raised interest rates and signaled further increases, while Treasury yields also climbed. New central bank chief Kevin Warsh joined the unanimous decision, and officials projected one more rate increase in 2026. Markets now assign about a 90% probability to another quarter-percentage-point Federal Reserve hike by the end of this year. The euro dropped to $1.1456, sterling was little changed at $1.3377 before the Bank of England decision, and the yen hovered near a two-week low at 156.20 per dollar. Attention is shifting to the Bank of Japan, which is expected to raise rates to a 31-year high on Friday and offer guidance on the timing and pace of further increases. Bitcoin was flat at $76,562.25.