Dollar rises slightly against real after Fed does not move interest rates

Dollar rises slightly against real after Fed does not move interest rates

By Claudia ViolanteSÃO PAULO (Reuters) - The dollar closed slightly higher against the real on Wednesday after the Federal Reserve, the United States central bank, did not surprise and hold ...

By Claudia ViolanteSAO PAULO (Reuters) - The dollar closed slightly higher against the real on Wednesday after the Federal Reserve, the US central bank, did not surprise and maintain its key interest rate, continuing to indicate that future and expected hikes will be made. gradually.The dollar advanced 0.11 percent to 3.7589 reais on sale, after going to 3.7707 reais at the day high and 3.7318 reais at the low.The dollar futures had a slight rise of about 0.10 percent."No one expected the Fed to raise rates today, and no one expected the committee to back off its plans for further increases," CIBC analyst Avery Shenfeld said in a statement."Then the day goes on," he added.In its decision issued this afternoon, the Fed kept interest rates in the range of 1.75 to 2 percent, but rated the economy as strong, keeping it on track to raise borrowing costs in September.According to CME Group calculations, US futures prices were priced at about 90 percent of interest rate hikes for...


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