Fed Rate Hike Sends Dollar Soaring, Gold Tumbling as Markets Ponder Next Move

US Dollar surges to two-week highs as traders fully price in a 25-basis-point Fed rate hike, pushing the federal funds target range to 3.75%-4.00%. The Dollar Index (DXY) holds firm near 99.70, giving greenback holders a clear advantage in forex markets. Euro traders are treading cautiously, with EUR/USD consolidating losses around 1.1537, not far from its one-month low of 1.1523. The strong dollar benefits importers in emerging markets and US investors holding...