Central banks around the world have been loosening policy to counter the risks of low inflation and recession.
The Fed cut interest rates for a second time this year on Wednesday in a 7-3 vote. The rate cut was widely expected, but the split vote has raised some concern about predicting the future path of monetary policy.
Investors are awaiting a Bank of England policy meeting later Thursday. The BOE is expected to keep rates unchanged, but uncertainty over Brexit has complicated the monetary policy outlook.
The Australian dollar was down 0.6% at 0.6786 after data overnight showing that the country’s unemployment rate unexpectedly rose in August, underlining the case for additional stimulus by the Reserve Bank of Australia.forex.com
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