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Dollar bounces back after dipping below 100 mark on "dovish" Fed

Published 03/17/2017, 07:57 AM
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Investing.com - The dollar tested psychological support at the 100 mark after a "dovish" FOMC .
The dollar index was up 0.13% at 100.22 at 07:30 ET after hitting a six-week low of 99.97 in the session.
The FOMC confounded bets of four hikes this year, keeping to its signal of a "gradual tightening" of three hikes.
Attention now turns to the G20 meeting of finance ministers and central bank governors this weekend.
U.S. Treasury Secretary Stephen Mnuchin is expected to focus on exchange rates and their impact on global trade.
Mnuchin has said he favors a strong dollar over the long run.

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