The American Dollar projected its giant image over major currencies
The American Dollar rose back against other currencies, reaching another record level. The Greenback rose up to its 14-year peak on Thursday.
The Federal Reserve rose the number of rate hikes for 2017 and the results were seen in the Greenback's trajectory. The American Dollar projected its giant image over major currencies and went on devastating markets.
The rate hikes were forseen by investors and markets , that were anticipating three hikes for the year of 2017.
The results came as markets expected, with Federal Reserve of raising interests three times over the next year. The American Dollar was up at 102.61, and the U.S. dollar index hit its highest point, reaching 102.67.
Dollar also hit against the Japanese Yen, the pair reaching 118.37, the highest score for the pair in ten months.
Euro went below the dollar and managed to hit the lowest point since 2015, in March. The EUR/USD pair traded at 1.0457, down 0.55%.
On Wednesday, Federal Reserve Chair Janet Yellen spoke about the interest rates and about the United States' economy
The gold prices dropped below $1.200
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