- The Bloomberg Dollar Spot Index is up about 1.1% this week, the best weekly performance in three months, after the Fed delivered an anti-inflation message alongside its rate hike.
- The Federal Reserve raised interest rates for the first time in more than three years and signaled more hikes are to come.
- JPMorgan, Standard Chartered Bank and Brown Brothers Harriman said the Fed decision removed the biggest impediment to a stronger dollar.
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“The dollar is poised for its best weekly performance in three months after the US central bank signaled more interest-rate hikes are to come.”