U.S. Dollar Advances Following Interest Rate Hike Decision By The Fed

India, Sept. 16 -- The U.S. Dollar value moved higher on Wednesday following the announcement by the U.S. Federal Reserve to raise interest rates by 25 basis points to 4.00%, citing persistent inflation and energy-price pressure.

Today, the U.S. Dollar Index DXY, which measures the Greenback against a basket of other major currencies, was last seen trading at 100.30, up by 0.62 (or 0.62%).

While against the Euro, the USD was trading at 1.147, up by 0.66%, against the GBP, the USD was trading at 1.339, up by 0.72%.

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Published by HT Digital Content Services with permission from RTT News....