The dollar edged lower against the other major currencies on Friday,
pulling back from a two-week high as markets digested the Federal
Reserve's decision to raise interest rates for the first time in nearly a
decade.
EUR/USD was steady at 1.0822.
The dollar remained supported after the Fed raised interest rates by a quarter of a percentage point to between 0.25% and 0.50% at the conclusion of its two-day policy meeting on Wednesday. It was the first rate hike in the U.S. since 2006.
Commenting on the decision, Fed Chair Janet Yellen said that further rate hikes would be gradual and data dependent.
FOREX CALL : BUY EUR INR ABOVE ABOVE 72.00 TGS 72.10-72.20-72.30 STOPLOSS 71.80
The dollar was lower against the pound, with GBP/USD up 0.17% at 1.4927 and was steady against the Swiss franc, with USD/CHF at 0.9964.
The Australian and New Zealand dollars were stronger, with AUD/USD up 0.18% at 0.7138 and with NZD/USD adding 0.09% to 0.6704.
EUR/USD was steady at 1.0822.
The dollar remained supported after the Fed raised interest rates by a quarter of a percentage point to between 0.25% and 0.50% at the conclusion of its two-day policy meeting on Wednesday. It was the first rate hike in the U.S. since 2006.
Commenting on the decision, Fed Chair Janet Yellen said that further rate hikes would be gradual and data dependent.
FOREX CALL : BUY EUR INR ABOVE ABOVE 72.00 TGS 72.10-72.20-72.30 STOPLOSS 71.80
The dollar was lower against the pound, with GBP/USD up 0.17% at 1.4927 and was steady against the Swiss franc, with USD/CHF at 0.9964.
The Australian and New Zealand dollars were stronger, with AUD/USD up 0.18% at 0.7138 and with NZD/USD adding 0.09% to 0.6704.
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