After the Fed hinted at a rate hike, US short-term bond yields rose and the dollar strengthened.

After the Federal Reserve released a slightly more hawkish signal on Wednesday, during the European trading session, short-term US government bond yields rose, while long-term bond yields fell. At the same time, the DXY US dollar index rose to an 11-week high of 100.631. The Federal Reserve kept interest rates unchanged, but the statement was more decisive in terms of price stability. "However, improvement in geopolitical sentiment may limit the dollar's gains," said Eric Chia of Exness in a report. The US and Iran have signed a temporary agreement aimed at ending tensions, reopening the Strait of Hormuz, and relaxing restrictions on Iranian oil exports. Tradeweb data shows that the two-year US government bond yield rose 3 basis points to 4.188%, while the 10-year bond yield fell 0.6 basis points to 4.456%.