Dollar Hits 3-Month High on Prospect of Higher U.S. Rates
The dollar rose to a three-month high against a basket of currencies on Thursday, supported by the prospect of further Federal Reserve interest rate hikes. Minneapolis Federal Reserve President Neel Kashkari noted on Wednesday that price pressures remained elevated.
The dollar climbed to a three-month high against a basket of currencies on Thursday, supported by prospects that the Federal Reserve could raise interest rates further. Minneapolis Federal Reserve President Neel Kashkari said on Wednesday that price pressures remained elevated.