Dollar index (USDX) got the news it needed to reclaim 100

The dollar is certainly higher now this evening and for all the reasons we have covered in the past few updates. That is the hawkish hold from the Fed, which in essence seemed to suggest that a rate hike this year could be by more than the market had pencilled in. So, as we noted, the EUR/USD has fallen below 1.1550 this evening and that has been the driver for the Dollar index to charge back above the 100 handle. 

For the entire day beforehand that seemed an unlikely prospect earlier, but it is reality right now, That said, the markets will want to see what the new Fed boss has to say shortly, when he addresses the press at 6.30pm GMT- his first post-decision press conference. That could be interesting, but we shall see. The dollar index has risen as high as 100.05 this evening. It is just now stepping back a little, currently trading at 99.97