{"id":82591,"date":"2015-12-17T07:08:50","date_gmt":"2015-12-17T12:08:50","guid":{"rendered":"http:\/\/countingpips.com\/?p=82591"},"modified":"2015-12-17T07:08:50","modified_gmt":"2015-12-17T12:08:50","slug":"dollar-rallies-on-first-fed-rate-hike-in-a-decade","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/12\/dollar-rallies-on-first-fed-rate-hike-in-a-decade\/","title":{"rendered":"Dollar rallies on first Fed rate hike in a decade"},"content":{"rendered":"
December 17, 2015<\/div>
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Article by ForexTime<\/a><\/p>\n

As widely expected, on Wednesday the US Federal Reserve announced its decision to raise interest rates and tighten monetary for the first time in almost a decade.<\/p>\n

Share indexes across the globe rallied as the US central bank raised the federal funds rate by a quarter of a percentage point to a range of 0.25 per cent to 0.5 per cent. Rates are now off the historic low they have been at since December 2008, investors will now focus on the pace and path of future moves.<\/p>\n

The Fed said it expected \u201cgradual increases\u201d in the federal funds rate in the wake of Wednesday\u2019s move.<\/p>\n

The US dollar was stronger against a number of key crosses during Asian trade, with the euro 0.6 per cent weaker at $1.0843, Japan\u2019s yen 0.3 per cent softer at Y122.51 per dollar and the British pound 0.5 per cent weaker at $1.4946.<\/p>\n

Asian equities followed Wall Street higher, with Japan\u2019s Nikkei up 2 per cent and Australia\u2019s S&P\/ASX 200 settled 1.5 per cent higher. Hong Kong\u2019s Hang Seng up 1 per cent while China\u2019s Shanghai Composite was 1.5 per cent higher. Wall Street gained more than 1 per cent on Wednesday. European equities look set to climb this morning.<\/p>

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\"Forex-Time-Logo\"Article by ForexTime<\/a><\/span><\/strong><\/p>\n

ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 www.forextime.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Article by ForexTime As widely expected, on Wednesday the US Federal Reserve announced its decision to raise interest rates and tighten monetary for the first time in almost a decade. Share indexes across the globe rallied as the US central bank raised the federal funds rate by a quarter of a percentage point to a […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-82591","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/82591","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=82591"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/82591\/revisions"}],"predecessor-version":[{"id":82612,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/82591\/revisions\/82612"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=82591"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=82591"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=82591"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}