Dollar Hits Near 18-Month High on Prospect of Higher U.S. Rates
The dollar reached its highest level against a basket of currencies since April 2025 on Thursday, driven by expectations that the Federal Reserve will continue to raise interest rates.
The dollar jumped to its highest level since April 2025 against a basket of currencies on Thursday, supported by the prospect of the Federal Reserve raising interest rates further. The Fed's preferred measure of inflation, the personal consumption expenditures p…