Kitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
LONDON, Sept 21 - The dollar hit a 6-1/2 month high on Thursday after the U.S. Federal Reserve signalled policy would remain restrictive for longer, even after holding rates steady, while the Swiss franc tumbled after the Swiss National Bank kept rates unchanged.
Along with another possible rate hike this year, the Fed's updated projections show significantly tighter rates through 2024 than previously expected. The euro rose 0.7% to 0.9644 francs , set for its biggest one-day rise since March's banking turmoil. The dollar rose 0.7% to 0.9045 francs , hitting its highest level since June 13.
The euro was up 0.2% against the Swedish crown and 0.1% against the Norwegian crown following the respective decisions.
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