FOMC’s interest rate hike fuels the Greenback rally even further

Most of the market segments had anticipated a rate at hike at today’s concluded FOMC (Federal Open Market Committee) meeting. However, the pundits were also of the unanimous view that it would be a dovish rate hike considering the fact that the inflation has been subdued in the U.S, with markets exhibiting extreme volatility caused by the tariff war between U.S/China & the mounting political pressure on the Feds by U.S President Trump who tweeted this earlier: “It is incredible that with a very strong dollar and virtually no inflation, the outside world blowing up around us, Paris is burning…...