Following the most recent Fed’s hike for the interest rate, the greenback dipped accordingly to the lowest level in seven weeks, while the sterling edged up in anticipation of BOE meeting.

The dollar index that gauges the greenback versus its major pairs, slumped by 0.2% lower at 101.763, a bit higher of levels touched earlier on Friday.

The Fed hiked the interest rate by quarter points as was generally anticipated, but it adopted a more cautious approach to future increases, suggesting it would suspend rate increases in the wake of financial sector upheaval.

EUR/USD nudged up by 0.4% to 1.0901, gearing towards the highest level in seven weeks.

Even as the Fed is debating its next step, ECB hiked the interest rates the previous week by 50 basis points, and additional increases appear imminent.

GBP/USD nudged up 0.4% to 1.2313 by close to the highest level in seven weeks, before the BOE's meeting.

USD/JPY sank by 0.4% to 130.88.