USD: Fed raised interest by 25bps

All eyes were on the dollar in the lead up to the FOMC’s meeting yesterday as analysts expected volatility. In particular, declines were expected across EUR/USD, GBP/USD and USD/JPY.

This morning the dollar made weekly gains against sterling however, against the euro the dollar is still weak. This follow’s the Fed’s decision to raise interest rates by 25bps. Markets will be keeping a close eye on how the BoE and ECB decisions will impact the dollar’s rivals later today.

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