The has dollar has traded firmer in the wake of yesterday’s FOMC announcement, which brought the expected no-change decision in policy settings but was accompanied by upgrades in the Fed’s growth and inflation projections. The narrow trade-weighted USD index (DXY) is up 0.6% from four-session yesterday’s low at 88.78, logging a high of 89.31. EUR-USD has clocked a two-day low at 1.2384 and USD-JPY has lifted to a one-week high of 109.61.
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