Sat, 21 May 2022

U.S. dollar strengthens after Fed decision

Xinhua
27 Jan 2022, 06:55 GMT+10

NEW YORK, Jan. 26 (Xinhua) -- The U.S. dollar climbed in late trading on Wednesday after the Federal Reserve said that it will soon be appropriate to raise its benchmark interest rate amid surging inflation.

The dollar index, which measures the greenback against six major peers, increased 0.48 percent to 96.4080.

In late New York trading, the euro decreased to 1.1253 U.S. dollars from 1.1296 dollars in the previous session, and the British pound fell to 1.3460 dollars from 1.3518 U.S. dollars in the previous session. The Australian dollar decreased to 0.7118 U.S. dollar from 0.7170 dollar.

The U.S. dollar bought 114.51 Japanese yen, higher than 113.91 Japanese yen of the previous session. The U.S. dollar moved up to 0.9237 Swiss franc from 0.9196 Swiss franc, and it increased to 1.2657 Canadian dollars from 1.2609 Canadian dollars.

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