Dollar strengthened as Euro weakens following the European Central Bank's 'less for longer' decision

The USD gained strength against most major currencies this morning as U.S. bond yields rose, whilst the euro weakened after the European Central Bank’s decision to extend its dept.-buying program, even as it cut size of its purchases which disappointed currency bulls.
The ECB expanded what it could buy to shorter-dated paper and also reversed the right to raise the purchase amounts should the economic outlook sour.
With the ECB meeting out of the way, attention has turned to the Federal Reserve. The possibility of the Federal Reserve hiking interest rates next week has been almost fully priced in by the market, and the focus is now on whether the central bank hints at further monetary tightening in 2017.