News > US Dollar rises to five-week high after Fed policy decision
US Dollar rises to five-week high after Fed policy decision
Business Standard | 27/01/2022 08:51 AM | Click to read full article
The dollar rose to a five-week high on Wednesday after the Federal Reserve said it is likely to raise U.S. interest rates in March as expected and later launch a significant reduction in its asset holdings.
The combined moves and reaffirmed plans to end its bond purchases in March will complete a pivot away from the loose U.S. monetary policy that has defined the pandemic era and toward a more urgent fight against inflation.