Recently, the U.S. dollar has gained momentum, leaving the commodity prices and stocks dipping down and going hay way after Federal Reserve boasted the emergency lending rate, the first time since the financial downturn.

Soon after this, the U.S. stock futures declined a 1.1 percent level. The same hit the biggest European stock markets as well, leading an opening down of 0.4 percent, according to financial pundits.

However the Federal exchange nodded an improvement in market conditions. According to the traders, the typhoon has landed a little earlier than expected and pushed the central bank a step ahead to the benchmark lending rates, which in turn will raise the borrowing costs for consumers and companies.

The euro currency hit the road into a steep terrain within 9 months, however it somehow managed the escape from losses after the Federal Reserve President James Bullard commented that the market expectations will rise after this year.

After the Fed reaction, the MSCI index of Asia Pacific stocks not covering Japan felt the hit on the second consecutive day, losing 1.8 percent, taking along the financial, materials, consumer and energy sectors to dive in the valley.

Hong Kong stocks also are joining the league, declined as the Hang Seng index trailing the decline of 2.5 percent.

According to some analysts the inclination in the Fed discount rate will lead to a sturdy Dollar.