Moneycontrol PRO
Upcoming Event:Join us for New HorAIzon from Oct 6-7, 2pm and be a part of exciting conversations on tech & innovation

Dollar jumps after Fed pulls interest rate hikes into 2023

The US dollar rose to its highest level in almost two months after the Federal Reserve put out projections for the first post-pandemic interest rate hikes into 2023

June 17, 2021 / 07:46 AM IST

The dollar jumped against a basket of currencies on June 17 after the United States 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: Fed signals higher rates in 2023, bond-buying taper talks as virus fades

The dollar index, which tracks the greenback against six major currencies, was up 0.41% at 90.901, its highest since May 7.
Reuters
first published: Jun 17, 2021 07:45 am

stay updated

Get Daily News on your Browser
Sections
ISO 27001 - BSI Assurance Mark