LONDON, April 8 — The US dollar index strengthened to 100 for the first time in nearly two years today, supported by the prospect of a more aggressive pace of Federal Reserve interest rate hikes. The greenback has gained ground on a basket of rivals over the past month, particularly against the...
LONDON, April 8 — The US dollar index strengthened to 100 for the first time in nearly two years today, supported by the prospect of a more aggressive pace of Federal Reserve interest rate hikes.
The index is up 1.4 per cent this week, which would be its biggest increase in a month, backed by hawkish remarks from several Federal Reserve policy makers who are calling for a faster pace of interest rate increases to curb rapid inflation. Meeting minutes from the European Central Bank published on Thursday suggested its policy makers are keen to act to combat inflation, but the eurozone has so far taken a more cautious tack than other central banks, weakening the euro.
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