US dollar hits seven-week high after Fed rate hike
The US dollar climbed to a seven-week peak after the Federal Reserve raised interest rates and signaled possible further tightening.
The US dollar reached a seven-week high on Thursday after the Federal Reserve raised interest rates and signaled potential further tightening. The greenback hit its highest level in seven weeks, supported by the Federal Reserve's decision to increase rates and its forecast of additional hikes in the future. Meanwhile, the euro and British pound experienced minor declines, while the Japanese yen approached a two-week low as investors awaited policy announcements from respective central banks.
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