US Dollar Hits Two-Month High
The US dollar reached a two-month peak driven by expectations of further Federal Reserve rate hikes following strong economic data. Meanwhile, the Swiss franc fell as the SNB kept rates unchanged and the Norwegian crown rose after a rate hike.
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The United States dollar hit a two-month high on Thursday morning, driven by a sharp rally on rising interest rate hike expectations. The surge reflected robust economic data and a hawkish shift in policy rhetoric across United States markets. The dollar index rose 0.13% to 101.22, touching 101.31, its firmest level since July 29.
