Dollar extends gains, hits 8-mth high vs FX basket

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]

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(Reporting by London Forex team)

Dollar extends gains, hits 8-mth high vs FX basket