Strength surrounded the US dollar on Wednesday in the lead up to the all-important US Federal Reserve interest rate decision which was in line with expectations. Interest rates were increased by 0.25%, the first increase since 2008. The post meeting announcement made it very clear that the speed of further increases would be gradual and very considered so as not to jeopardise the US economic recovery or strengthen the US dollar unduly.
Following the Federal Reserve’s Rate decision, today we have very few data releases. Only the weekly unemployment claims are expected for release, with the figure expected to remain stable.