homemarket Newscurrency NewsUS dollar ticks up on expected hike of interest rate

US dollar ticks up on expected hike of interest rate

The dollar index, which measures the greenback against six major peers, rose 0.55 per cent to 95.6715 on Thursday, Xinhua news agency reported.

By IANS  Aug 24, 2018 7:18:02 AM IST (Published)


The US dollar rose substantially as US central bank looks willing to crank up interest rate despite political pressures.
The dollar index, which measures the greenback against six major peers, rose 0.55 per cent to 95.6715 on Thursday, Xinhua news agency reported.
The Federal Reserve of the US would make its decisions on interest rates regardless of political consideration and political influences, said Dallas Fed President Robert Kaplan on Thursday, expressing his confidence on continuity of its manner.