The US dollar rose to its highest level in 14 years against other major currencies during Thursday’s trading after the Federal Reserve raising interest rates and indicated that it expected to be raised interest rates more quickly than previously expected in 2017.
The US dollar index, which measures the dollar’s strength against a basket of six major currencies, T., shedding 0.34% to hit 102.39. The index recorded its highest level of 102.62 earlier, the highest price since January 2003.
And it praised the high interest rate markets, but the dollar actually rose rose after he predicted the central bank to raise interest rates, and predicted that the central bank raised interest rates three times in 2017, up from two expected in September highs.
And it enhances the high interest rates of the value of the dollar by dollar-denominated assets, which make the dollar more attractive to investors seeking gains n.
The dollar rose to its highest level in 10 months against the yen, with USD / JPY inching up 0.68% to trade at 117.8.
EUR / USD was down 0.31% at 1.0501 after falling to 1.0469 overnight, a level not seen in March 2015.
The euro found some support after data showed that output in the private sector in the euro area maintained a strong pace of expansion at the end of the year as offset the improvement in the manufacturing slowdown in service sector activity.
GBP / USD shedding 0.29% to reach 1.2528 before the Bank of England’s decision on interest rates later in the day. It was expected widely that the Bank of England to leave interest rates unchanged.
AUD / USD fell by 0.16% to 0.7393 and NZD / USD shedding 0.51% to hit 0.7079.
The full list for US Dollar exchange
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