NEW YORK, Sept. 21 (Xinhua) — The U.S. dollar appreciated in late buying and selling on Wednesday after the Federal Reserve permitted one other massive charge hike.
The dollar index, which measures the dollar in opposition to six main friends, rose 0.39 % to 110.6410.
In late New York buying and selling, the euro was all the way down to 0.9911 U.S. {dollars} from 0.9972 {dollars} within the earlier session, and the British pound was all the way down to 1.1354 U.S. {dollars} from 1.1370 {dollars} within the earlier session. The Australian dollar rose to 0.6702 U.S. {dollars} from 0.6692 {dollars}.
The U.S. dollar purchased 143.57 Japanese yen, decrease than 143.66 Japanese yen of the earlier session. The U.S. dollar decreased to 0.9627 Swiss francs from 0.9640 Swiss francs, and it rose to 1.3369 Canadian {dollars} from 1.3364 Canadian {dollars}.
The Fed on Wednesday delivered a 3rd consecutive 75-basis-point hike this 12 months, bringing the federal funds charge to a brand new vary of three % to three.25 %, in an aggressive transfer to battle cussed inflation.