FOREX-Dollar gains as Fed leaves rates unchanged
By Chibuike Oguh
NEW YORK, March 18 (Reuters) - The U.S. dollar strengthened against other major currencies on Wednesday, on track to claw back losses from the past two sessions after the U.S. Federal Reserve left interest rates unchanged.
The Fed projected higher inflation as well as one interest rate cut for the year as officials weighed the economic impact of the U.S. and Israeli war on Iran.
The dollar has strengthened overall since the Middle East conflict almost three weeks ago, reaching a 10-month high late last week as the conflict and rising oil prices drove investors into safe-haven U.S. assets.
The dollar strengthened 0.71% to 0.79 against the Swiss franc CHF=. The euro EUR= was down 0.24% at $1.151.
The dollar index =USD was up 0.28% to 99.83.
