The dollar is trading at firmer levels across the board in the wake of the Fed's 25 bp rate hike and guidance for "gradual" tightening hereafter. The Fed's restrained hawkishness, with future rate hikes to be dependent on data, coupled with its optimistic view of growth has been tonic for markets, with Wall Street and Asia-Pacific equity markets rallying. The S&P 500 closed 1.5% for the better, while in Asia Japan's Nikkei 225 crossed the finishing line with a gain of 1.6%, and China's Shanghai Composite is presently showing a 1.3% gain.
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