The decline in the price of the dollar after the Federal Reserve raised the interest rate

The price of the dollar fell, after the decision of the Federal Reserve (Central Bank of America) to raise interest rates by a quarter of a percentage point, as was expected. The Federal Reserve is expected to decide an additional increase in the interest rate by at least 25 basis points by the end of 2023. The dollar index, which measures the performance of the US currency against six major currencies, fell by 0.465% to 102.680, with the euro rising 0.62% to $1.0834. The Japanese yen also fell by 0.43 percent against the dollar at 131.88 yen per dollar, while the pound sterling traded at 1.2288 dollars in last trading, up 0.57 percent during the day. The price of the dollar stabilized yesterday (Wednesday), prior to the conclusion of the (Central Bank of America) meeting, as the dollar index reached 103.19, up slightly from its lowest level in five weeks, amounting to 102.99, which it touched yesterday (Tuesday). The euro reached $1.0770, holding near a five-week high of $1.0789.