The US Federal Reserve has made a decision on the dollar

The Federal Reserve (Fed) has kept the interest rate at 3.5-3.75%, the same as last month.

This was stated in the Fed's announcement following today's meeting.

"In support of its goals, the FOMC (Federal Open Market Committee - ed.) decided to maintain the target range for the federal funds rate at 3.5-3.75%," the regulator noted.

The statement also said that inflation remains elevated, partly reflecting the recent rise in global energy prices. "Developments in the Middle East contribute to a high level of uncertainty regarding the economic outlook," the Fed's statement reads.