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Dollar nears 18-month high as Fed signals inflation risks

The US dollar edged closer to an 18-month high on Thursday after Federal Reserve minutes highlighted inflation risks. Meanwhile, the euro lagged amid rising bond yields and political concerns in France.

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An employee holds U.S. dollar bank notes at a money changer in Jakarta, Indonesia, April 9, 2025.

The United States dollar hovered near an 18-month peak on Thursday after Federal Reserve minutes flagged inflation as a primary risk. The EUR/USD exchange rate slipped to $1.1191 amid a broader global bond selloff. The currency move reflects widening fiscal concerns in France and rising energy costs across the euro zone.
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