Breaking: Fed hikes policy rate by 75 bps to 3.75-4% as expected

The US Federal Reserve on Wednesday announced that it raised the policy rate, federal funds rate, by 75 bps to the range of 3.75-4% following the Nove
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EUR/USD jumps to two-day highs above 0.9950 after FOMC statement

The EUR/USD rose following the Fed’s decision to raise interest rates by 75 basis points as expected as the US dollar tumbled across the board. The pa
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