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US dollar jumps as Fed maintains hawkish stance

23/09/2022 01:42 PM

NEW YORK, Sept 23 (Bernama) -- The US dollar appreciated noticeably in late trading on Thursday, driven by the Federal Reserve's latest announcement on rates, reported Xinhua.

The dollar index, which measures the greenback against six major peers, increased 0.64 per cent to 111.3520.

In late New York trading, the euro was down to US$0.9833 from US$0.9911 in the previous session, and the British pound decreased to US$1.1251 from US$1.1354 in the previous session. The Australian dollar fell to US$0.6640 from US$0.6702.

The US dollar bought 142.41 Japanese yen, lower than 143.57 Japanese yen of the previous session.

The US dollar rose to 0.9787 Swiss francs from 0.9627 Swiss francs, and it was up to 1.3492 Canadian dollars from 1.3369 Canadian dollars.

The Fed on Wednesday raised interest rates by 75 basis points for a third straight time this year and signalled more aggressive rate hikes ahead in a bid to rein in inflation.

On the economic front, US initial jobless claims, a rough way to measure layoffs, increased by 5,000 to 213,000 for the week ending Sept 17, the Department of Labour reported on Thursday. Economists polled by the The Wall Street Journal had forecast new claims to total 214,000.


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