Dollar extends gains after Fed rate decision
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FILE PHOTO: U.S. Dollar banknotes are seen in this illustration picture taken June 14, 2022. REUTERS/Florence Lo/Illustration
NEW YORK (Reuters) - The U.S. dollar extended its gains on Wednesday, after the Federal Reserve raised its target interest rate by three-quarters of a percentage point to stem a disruptive surge in inflation.
The U.S. Dollar Currency Index, which tracks the greenback against six major currencies, was up 0.35% at 105.66.
(Reporting by Saqib Iqbal Ahmed; Editing by Chizu Nomiyama)
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