Dollar jumps against Euro and Yen to 2014 highs after Fed committ to low interest rates

 
Joe Hall
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The Federal Reserve announced they would be keeping interest rates low today (Source: Getty)
The dollar has risen to new highs for the year against the euro and the yen in late afternoon trading, despite the Fed's announcement today that it would keep interest rates at near-zero levels in 2015.
Federal Reserve chairwoman Janet Yellen delivered a dovish speech in which she insisted interest rates would stay low for “a considerable time”.
However, median rate projections from 17 Fed officials forecast rates of 1.375 per cent by the end of next year - an increase on the 1.125 put forward earlier in the year.
The dollar rose by over 1 per cent against the euro and the yen this afternoon, following a recent trend of the currency rallying against its largest trading partners.
Unsurprisingly, the dollar index also reached a record high for the year, jumping 0.63 per cent to 84.6030.
Per index, the dollar had risen by 0.69 per cent to 0.7771 against the euro, and 1.09 per cent to 108.3050 against the yen.
USD/JPY:

(Source: Yahoo)

USD/EUR:


(Source: Yahoo)

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