The Federal Reserve makes a momentous decision on Thursday, and it may finally raise US interest rates for the first time since the financial crisis. That’s not just big news for the United States. It’s big news for economies around the world, and the dollar has more influence than any other currency globally. Some emerging markets are going to be particularly nervous as Fed chair Janet Yellen steps up to speak. When the Fed hikes rates, investments in the US tend to yield more. As a result, the dollar strengthens against other currencies, because investors need dollars to make …read more
Source: Business Insider
