ForexLive Americas FX news wrap: Dollar heads higher on post FOMC reaction

Discussion in 'Market News' started by ForexLive, Dec 17, 2015.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    Forex news for Americas trading December 17, 2015 The US dollar was the strongest currency in trading today one day after the Fed started liftoff by raising rates by 25 basis points. The move was the first increase in 9 years. Also impacting the dollar was a continued fall in commodity prices. Oil fell back below the $35 level, and the CRB index reached another 13+ year low (going back to March of 2002). US initial claims came in steady at 271K (the 4-week average is 270.5K). The Philly Fed index was weaker than expected.

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