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COMING UP:Share Opener Variant 1



>> Our decision to raise rates.>> It's been a long time coming, flagged as all but certain. But the Fed's announcement Wednesday still spooking some investors around the world.>> I guess the biggest surprise is that the market's are surprised.>> Reuters' Mike Dolan says it's not the rate hike that's making waves, but predictions of more to come.
The Fed signalling another three increases next year, up from a previously expected two.>> Markets have taken that as a hawkish tilt from the Fed and the dollars has moved significantly higher to fresh 14-year highs on the dollar index. Particularly Euro dollar has moved below 105 and it's now at levels that are pretty critical, I think.
Below this level here, if we break it, we're on course for parity, which is obviously quite a milestone.>> The surging dollar will increase the cost of borrowing for many companies, particularly in emerging markets such as China. For everyone else it's a little bit more expensive to go and visit the United States.
For European companies and Japanese companies however, this is good news. Because it ultimately makes their exports more competitive overseas and gives them an added boost when the US is doing well.>> Plenty more for investors to digest on Thursday, with a stream of unessential bank meetings, including the UK.
Only Mexico though is expected to match the Fed's move.