Dollar Rises After Fed Statement Leaves Door Open For September Rate Hike

By Joseph AdinolfiMarketWatch Pulse

The dollar strengthened against its main rivals Wednesday after an updated monetary policy statement from the Fed didn't rule out an interest-rate hike in September. The euro fell to $1.1010 shortly after the statement's release, from $1.1060 beforehand. The dollar rose to 123.90 yen, from 123. 75. The pound was little-changed at $1.5620.

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