Even after the increased base rate of the US Federal Reserve (Fed), the US dollar exchange rate against the Japanese yen rose to its highest level in 10 months.
Fed Chairman, Ms. Yellen said at a press conference in Washington after a meeting of the Open Market Committee (FOMC) of the Federal Reserve the date 14-12-2016 - Reuters
According to news agency Reuters, not only increase versus the Japanese yen, the dollar was also higher than some other major currencies after the decision by the Fed to raise interest rates.
Specifically dollar exchange rate against the Japanese yen rose 1.3%, or $ 1 116.71 Japanese yen exchange. This is the highest rate since the date of 8-2 years.
Meanwhile, the euro exchange rate also fell 0.9% against the dollar, down to 1 euro $ 1.0534.
With that short-term bond yields of US Treasury rose to its highest level in more than 5 years.
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Specifically, the yield on 2-year bonds by the Ministry of Finance increased to its highest level since May 8-2009, the yield on 3-year bonds had the highest rate since May 5-2010 and yields 5-year notes rose to the highest level since May 5-2011.
Index US Dollar Index, a measure of the strength of the US dollar (USD) versus six other major currencies are the Euro (EUR), Japanese yen (JPY), British pound (GBP), Canadian dollar (CAD ), Swedish kronor (SEK), Swiss franc (CHF), also rose 0.8%, reaching 101.86, also the highest level in nearly 3 weeks.
On the stock market, the Dow Jones industrial index fell 27.9 points (0.14%) to 19,883.31. The S & P 500 lost 6.02 points (0.26%) was 2265.7. The Nasdaq Composite Index lost 7.17 points (0.13%) was 5456.66.
MSCI was down 0.6% and the STOXX 600 index fell 0.5%.
Oil prices fell more than 3% amid forecasts of crude oil supplies to the market will soar in the coming period. Share price fell 1.6% Exxon Corporation in the general downward trend of the Dow Jones.
In related developments, said after the increased basic interest rates by the Fed, the agency chairman, Janet Yellen said that this decision expressed "confidence" of the Fed on the health of the economy Noodle.
Speaking to reporters, Ms. Yellen noted, any increase in public spending activities of government's next president-elect Donald Trump can also affect the way in which the Fed will adjust rates basic interest. But she also said the current Yellen is still too early to speculate anything. Thank you for leaving valuable comments
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