News: FOREX-Dollar index rises as Fed forecast hints at December rate hike

  1. 185,724 Posts.
    lightbulb Created with Sketch. 2728

    NEW YORK, Sept 20 (Reuters) - The dollar turned higher against a basket of currencies on Wednesday, reversing an earlier drop, as the Federal Reserve's latest forecast reinforced the notion of a possible interest rate increase in December.

    At 2:25 p.m. (1825 GMT), the index that tracks the greenback versus a group of six currencies .DXY was up 0.7 percent at 92.471, its highest level in four trading sessions.

 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.