Economy
Dollar Rises After Fed Lifts Interest Rates, Signals Further Hikes
The US dollar strengthened against the euro on Wednesday after the Federal Reserve raised interest rates and indicated additional borrowing-cost increases in the coming months.
··1 min read
The US dollar gained ground versus the euro on Wednesday following the Federal Reserve’s decision to raise interest rates. The central bank also signaled that further increases in borrowing costs are likely in the months ahead.
The euro fell 0.2 percent against the US dollar, settling at $1.15173.
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