The Dollar for the most part continued its post-FOMC rally, taking the DXY to two-month highs of 92.01. Ahead of the Fed on Wednesday, the index was trading at 90.54. The prospects of more interest rate hikes sooner, along with ramped up growth and inflation forecasts, should keep the USD underpinned for now. Incoming data on Thursday disappointed, but had little negative impact on the Greenback. Initial and continuing jobless claims were higher than expected, while the Philly Fed index was a bit shy of forecasts, and leading indicators were about in line.

The dollar has continued to ascend, extending its post-Fed announcement advance. The DXY dollar index printed a two-month high at 91.85, and is up by nearly 1.5% over the last day. EUR-USD concurrently pegged a two-month low at 1.1926, while USD-JPY hit an 11-week peak at 110.82. Cable fell to a six-week low at 1.3934 and AUD-USD traded below 0.7600 for the first time since mid April. NZD-USD has managed to lift out of the two-month lows of yesterday following above-forecast Q1 GDP data out of New Zealand, which came in at 1.6% q/q, over triple the median forecast for 0.5% growth.

The dollar has extended its post-Fed announcement advance. The DXY dollar index earlier printed a two-month high at 91.51, and is up by nearly 1.1% over the last day. EUR-USD has concurrently pegged a two-month low at 1.1961, while USD-JPY has hit an 11-week peak at 110.82. Cable has fallen to a six-week low at 1.3972 and AUD-USD has traded below 0.7600 for the first time since mid April. NZD-USD has managed to lift out of the two-month lows of yesterday following above-forecast Q1 GDP data out of New Zealand, which came in at 1.6% q/q, over triple the median forecast for 0.5% growth.