What happened to the dollar after the US Federal Reserve raised interest rates?

Yesterday, the US Federal Reserve decided to raise interest rates by 0.75 basis points to fight inflation, and Chairman Jerome Powell pointed out that US inflation is very high.

How does this affect US currency trading?

The US currency index, which measures the value of the dollar against a basket of major currencies, fell 0.06% to 106.3890, according to Bloomberg.

Against the European currency, the euro rose 0.02% to $1.0202, and against the Japanese yen, the US currency fell 0.81% to 135.46 yen.

Source: RT

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