Dollar: Borrowing Costs and Investors

dollar: But investors were caught out by surprisingly bullish comments from Fed chair Janet Yellen in the wake of the announcement and by projections showing that 11 of her 17 policy-making colleagues see borrowing costs rising another three times in 2017, according to The Guardian. This is a true age of uncertainty for the world economy Barry Eichengreen Read more The news sent the dollar index with other currencies soaring to 102.62, its highest point since 2003. The US Federal Reserve increased rates as expected on Wednesday by a quarter of a point, only the second time it has done so since 2008. The euro was down 0.2% at 1.0512 after sliding to 1.0468, a trough not seen in 21 months. In Asian trading the Australian, Canadian and New Zealand dollars all suffered losses, as well as the Mexican peso. The pound dipped nearly US2c to 1.255. (news.financializer.com). As reported in the news.