NEW YORK – The dollar index hit its highest level in six months on Thursday, as economic data was mostly stronger than anticipated and the European Central Bank (ECB) signaled it was finished with its rate hike cycle. U.S. retail sales increased by 0.6% in August, more than the expected 0.2% rise, boosted by higher … Read more
NEW YORK/LONDON – The dollar slid from a five-week high on Monday, pressured by a weak manufacturing index in New York state and as it consolidated gains made last week amid fears about the debt ceiling and the US economy. In emerging markets, the Turkish lira sank to a near record low as weekend elections … Read more
The dollar rose to a two-week high versus the yen on Wednesday, lifted by higher Treasury yields as global inflation worries flared anew. The dollar index, which measures the currency against six major peers, including Japan’s, rose 0.19% to 101.94, extending a 0.38% rally from Tuesday, when data showed euro-area consumer inflation soaring to a … Read more
HONG KONG: The dollar index rose past 101 for the first time since March 2020 on Tuesday, as the greenback set its latest 20-year high on the yen and tested a two-year peak on the euro, supported by high U.S. Treasury yields and expectations of good economic data. The dollar index, which measures the greenback … Read more