Chief Markets Correspondent, London
Jamie's Feed
Oct 30, 2014
Oct 30, 2014
Oct 30, 2014
Oct 30, 2014
Oct 30, 2014
Oct 30, 2014
Oct 30, 2014
Oct 30, 2014
Oct 30, 2014

Dollar surges as Fed ends QE on hawkish note

LONDON (Reuters) – The dollar surged to a three-week high, bond yields rose and gold fell on Thursday after the U.S. Federal Reserve ended its six-year quantitative easing bond-buying program.

The decision was widely expected, but a relatively hawkish tone to the accompanying statement was not. It prompted financial markets to rethink the growing consensus that the Fed’s first interest rate hike would be late in 2015.

Oct 30, 2014