Dollar Index Climbs to Eight-Week High After Fed Rate Hike
Hyperdash NewsFXThe DXY dollar index climbed to an eight-week high of 100.967 after the Federal Reserve's recent rate hike. Standard Chartered stated that the rate increase eliminated a barrier to dollar purchasing. Fed Chair Kevin Warsh's positive outlook on the U.S. economy also bolstered U.S. yields and investment flows.
The Fed's rate hike and Warsh's comments provided support for the dollar. This move suggests increased confidence in the U.S. economic trajectory, which can attract capital flows. The early reaction on Hyperdash: 
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