Dollar Remains Elevated After Fed Rate Rise

Dow Jones
2小时前

0628 GMT - The dollar eases slightly but remains elevated after reaching a one-and-a-half-month high overnight following the Federal Reserve's unanimous decision to raise interest rates by 25 basis points, as anticipated. Fed officials pencilled in at least one more rate rise this year while Chairman Kevin Warsh said inflation is too high and has been for too long. President Trump once again called for lower rates following the decision. "The greatest danger for the dollar lies in the president increasing pressure on the Fed again in the coming weeks, which could lead to renewed doubts about the Fed's independence," Commerzbank's Michael Pfister says in a note. The DXY dollar index trades falls 0.1% to 100.192 after reaching 100.367 overnight.

 

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