MW: U.S. dollar rallies ahead of Fed rate decision
By Wallace Witkowski
SAN FRANCISCO (MarketWatch) -- The U.S. dollar index DXY +0.07% surged Wednesday, hitting an intraday high of 73.979, leading up to the Federal Reserve's rate decision and unprecedented news conference. The index, which measures the U.S. currency against a basket of six others, rose to 73.93 in recent activity after touching an earlier intraday low of 73.493. The euro EURUSD +0.0683% fell slightly against the greenback with the euro buying $1.4643, compared with $1.4684 late Tuesday.
