Fed's protocols pushed the dollar to a three-week peak

The dollar rose to its highest level in three weeks against the euro after the protocols of the last meeting of the Federal Reserve were released. Against the yen the dollar rose also to a three-week peak, reaching 110 yen.

The Fed will probably raise interest rates in June if economic data show steady growth in the second quarter, while inflation and employment continue to improve. Futures on federal funds, based on FedWatch determined that the likelihood of an increase in interest rates in June was 34%. Prior to the publication of protocols probability was 19%. The possibility of raising interest rates in September rose from 57% to 68% and for December - from 74 to 80%.

The euro lost 0.8 percent to 1.1220 - the lowest level since April 25. It was the strongest decrease of the single currency in percentage over the past five weeks. The US currency rose against the yen by about one percent, reaching 110.23.

The Swiss franc fell 0.66 percent to 0.9866.

The dollar index, which measures the change in the dollar against six major currencies reached a 5-week high, rising to 95.198.