U.S. Dollar Near 20-Year High, Volatility In Treasuries

<p>According to the FOMC announcement, the target range stands at 1.50% to 1.75%. Interest rate on reserves balances raised to $1.65% from 0.90%. The U.S. Dollar is near a 20-year high. "The stock market today experienced a relief rally after the news. The U.S. Dollar has been a tone setter, while the treasuries are experiencing volatility. Gold is finding a bid and silver is finding a bid," says Dan Deming. </p><p><br></p>