Yesterday the Fed announced that it would keep the target federal funds rate at 0 to .25%. So why did the Dollar index go up?
Doesn't the Fed's decision to keep interest rates low send a bad signal? (ie. They're ready to keep injecting cheap money into the economy.)
Or is the signal that the Fed is fearing deflation? (This would suggest that the dollar is a safe place to park some cash for the time being.)
Also . . .
Is breaking below 75 some kind of pyschological barrier for the dollar index?