Dollar Rises to Two-Week High as Fed Hikes Rates, Elevates DotsBy
Euro drops to recent lows, bids and option demand may cushion
Dollar-yen sets 10-month high after BOJ steps up bond buys
The dollar rose strongly after the FOMC raised the fed funds target rate by 25 bps, as expected, and signaled the possibility of 3 further interest rate hikes in 2017, a bolder forecast that was perceived as a “hawkish” move by the standards of the pre-meeting debate among traders.
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