India, March 24 -- A hawkish pause delivered by the Federal Reserve helped the U.S. dollar stage a strong rebound during the week ended March 21. The week witnessed the U.S. Dollar strengthening against the euro, the British pound, the Australian dollar, as well as the Japanese yen.
The 6-currency Dollar Index which measures the U.S. Dollar's relative strength also recorded weekly gains of close to half a percent.
The Dollar Index, a measure of the Dollar's strength against a basket of 6 currencies rallied 0.36 percent during the week ended March 21 even as the Fed reiterated that it was in no hurry to cut interest rates. The Dollar Index jumped to 104.09, from 103.72 a week earlier. The index ranged between 103.20 recorded on Tuesday and...