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    Dollar hit a five-week high following US interest rate hike

    Editorial teamBy Editorial teamSeptember 16, 2026
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    NEW YORK, 17th September, 2026 (WAM) — The US dollar rose against a basket of currencies today following the Federal Reserve’s decision to raise interest rates to a range of 3.75% to 4%.

    The dollar index rose 0.3% to 99.961 points, reaching its highest level in about five weeks.

    The euro fell 0.3% to $1.1502, while the British pound declined 0.5% to $1.34155. The dollar gained 0.3% against the Japanese currency to 155.49 yen.

    Source: Emirates News Agency

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