HONG KONG: The dollar held its gains against most other currencies in Asia on Friday following the Federal Reserve’s interest rate call, while the unit’s surge against the yen provided fresh impetus to Japanese stocks.
The US central bank’s hike Wednesday and its indication of three more next year—instead of the expected two—has lit a fire under the greenback, sending it to 14-year highs against the euro, with analysts saying it could soon hit parity.
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