Dollar Jumps After Fed Pulls Interest Rate Hikes Into 2023

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NEW YORK, June 16 (Reuters) – The dollar jumped against a basket of currencies on Wednesday after the Federal Reserve brought forward its projections for the first post-pandemic interest rate hikes into 2023, citing an improved health situation and dropping a longstanding reference that the crisis was weighing on the economy. read more

The dollar index , which tracks the greenback against six major currencies, was up 0.41% at 90.901, its highest since May 7.

Reporting by Saqib Iqbal Ahmed

Our Standards: The Thomson Reuters Trust Principles.

Source: https://www.reuters.com/business/dollar-jumps-after-fed-pulls-interest-rate-hikes-into-2023-2021-06-16/

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