The U.S. dollar rose broadly on Thursday, recovering from an earlier tumble in the immediate aftermath of the Federal Reserve's outsized interest rate cut that had been largely priced in by markets.

The U.S. dollar strengthened on Thursday, bouncing back from an earlier drop after the Federal Reserve implemented a larger-than-expected half-percentage-point rate cut.

Traders betting big on a weaker dollar are facing disappointment — at least for now — as the greenback remains resilient following the Federal Reserve’s half-point interest-rate cut.

The U.S. dollar dropped on Thursday after the Federal Reserve cut its interest rate by 50 basis points and revised its monetary policy outlook, with the Australian dollar and the Norwegian crown outperforming their peers.