FED RATE HIKE BOOSTS DOLLAR APPEAL
Standard Chartered says the Fed’s rate hike has removed a key obstacle to buying the dollar, easing concerns that Chair Kevin Warsh would avoid tightening despite pressure from President Trump.
Warsh’s confidence in the U.S. economy also strengthened the case for U.S. yields and investment flows.
The DXY dollar index climbed to an eight-week high of 100.967.
Standard Chartered says the Fed’s rate hike has removed a key obstacle to buying the dollar, easing concerns that Chair Kevin Warsh would avoid tightening despite pressure from President Trump.
Warsh’s confidence in the U.S. economy also strengthened the case for U.S. yields and investment flows.
The DXY dollar index climbed to an eight-week high of 100.967.