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U.S. Dollar: Fed Shocks With Discount Rate Hike

posted by Avatar fx360 827 days ago in USD, Daily made popular 827 days ago

After the stock markets closed this afternoon, the Federal Reserve raised the discount rate by 25bp to 0.75 percent, sending the U.S. dollar sharply higher against all of the major currencies. Although the Fed went out of their way to say that this does not equate to a change in their monetary policy outlook, action speaks louder than words.
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