Skip to main content

Advertisement

Advertisement

Business

Dollar extends gains after Fed rate decision

NEW YORK : The U.S. dollar extended its gains on Wednesday, after the Federal Reserve raised its target interest rate by three-quarters of a percentage point to stem a disruptive surge in inflation.

The U.S. Dollar Currency Index, which tracks the greenback against six major currencies, was up 0.35 per cent at 105.66.

Source: Reuters

Advertisement

Also worth reading

Advertisement