Rate Hike Hold Causes Dollar To Dip – 11 December, 2019

The dollar fell to a one week low as expectations of a rate hike were cut short by the U.S. Federal Reserve. Against the euro, the dollar fell to a one month low to $1.1133 after the Fed meeting. The yen last stood slightly higher at 108.47 per dollar, while the dollar index fell to a four month low in overnight trading before settling at 97.413. The Australian dollar hit a one month high, gaining as much as 1% to 0.6868. The New Zealand dollar reached a five month high of $0.6581, and  sterling was slightly higher against the dollar at $1.3210.