Dollar Went on Wild Ride After Fed Raised Rates Last Year: Chart

When the Federal Reserve raised interest rates on Dec. 16 -- the first increase in almost a decade -- the dollar surged upon the announcement and plunged to a five-day low within 45 minutes. After another rally, the Bloomberg Dollar Spot Index was little changed as of 4 p.m. New York time. The Federal Open Market Committee is set to announce its policy decision at 2 p.m..

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