Dollar Rallies After Fed Rate Hike; Euro Falls to 1.1463

The breadth of the move matters more than the size: the dollar gained against European majors and commodity currencies alike, suggesting a uniform repricing of rate differentials rather than a single-pair story. Commodity-currency weakness is the tell worth noting, since those economies are typically more sensitive to global risk appetite and terms of trade. Whether the dollar holds these gains once the initial reaction fades, or whether the move extends into a broader trend, is the open question.