Market News / Story
US Dollar Nears 18-Month High as Oil Prices and Bond Yields Weigh on Euro
channelnewsasia.com ·
AI-assisted briefing: The US dollar edged toward an 18-month high on Thursday, according to a Channel NewsAsia preview. Federal Reserve minutes indicated policymakers saw inflation as the biggest risk to their outlook. Higher oil prices and rising euro zone bond yields weighed on the euro, while a global bond selloff was the dominant driver in currency markets.