THE US dollar rose 0.94% to close at 92.414 as markets were pricing in a June rate hike and looking for clues if there would be three or four rate hikes in 2018 ahead of the FOMC meeting.
The meeting, which ended with an expected no rate hike by the Fed, included the word “symmetric” in its official statement, suggesting the Fed will tolerate inflation rising moderately above 2% over the coming months.
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