- Dollar edges off one-month high post-Fed
- Norway, British central banks to meet
- Graphic: World FX rates https://tmsnrt.rs/2RBWI5E
LONDON, Sept. 23 (Reuters) – The dollar slipped on Thursday off one-month highs reached after the Federal Reserve set the stage for interest rate hikes next year and a pick-up in global market sentiment encouraged traders to foray out of the greenback.
The Fed headlined a week of central bank meetings that will likely see Norway become the first developed nation to raise interest rates since the pandemic. The Fed too struck a hawkish tone, setting the stage to start tapering bond purchases in November and at a faster pace than analysts had anticipated.
Nine of the U.S. central bank’s 18 policymakers projected borrowing costs will need to rise next year, inducing markets to bring forward the timing of the first rate rise to January 2023.
The dollar and bond yields however fell, with many seeing the Fed as having…