LONDON, Feb 19 (BestGrowthStock) – The dollar hit an eight-month
high against a currency basket on Friday, extending gains after
the Federal Reserve’s surprise decision to raise its discount
rate.
The dollar index (Read more about the global trade. ) (.DXY: ) rose as high as 81.342, its
strongest since mid-June 2009.
The U.S. Federal Reserve on Thursday raised the the interest
rate it charges banks for emergency loans to 0.75 percent from
0.5 percent, saying this was a response to improved financial
market conditions. [ID:nSGE61I04S]
Investment Advice
(Reporting by London Forex team)
Dollar extends gains, hits 8-mth high vs FX basket
