The dollar stands victorious after the US Federal Reserve spurred volatility across the FX board. As widely anticipated, the American central bank hiked the benchmark rate by 75 bps to 3.25%, while policymakers maintained their determination to bring inflation down to target. However, there was no innovation in monetary policy; generally speaking, they are confident about economic progress.now seen at 5.4% this year and at 2.8% in 2023. It won’t be until 2024 when it will reach the 2% target.
Safe-haven assets retain modest gains against the greenback. The USD/JPY pair hovers around 144.00 while spot gold jumped to $1,690 a troy ounce but gave up some $20 ahead of the close. Finally, WTI settled at $83.20 a barrel, marginally lower in the day.currently offers 4.03% after reaching an intraday peak of 4.12%. The yield on the 10-year note eased to settle at 3.51%.