The dollar index, which tracks the greenback against six major rival currencies, rose to 99.911, up 0.2 percent. It managed to crawl off a low of 98.858 hit earlier this week, its weakest level since Nov. 11, in the wake of U.S. President Donald Trump's failed healthcare reform bill. The Fed raised rates in March, and a majority of the central bank's policymakers foresee at least two more increases this year. For Reuters Live Markets blog on European and UK stock markets see reuters://realtime/verb=Open/url=http://emea1.apps.cp.extranet.thomsonreuters.biz/cms/?pageId=livemarkets(Reporting by Ritvik Carvalho; additional reporting by Tokyo markets team; Editing by Keith Weir) But Fed Governor Jerome Powell said on Tuesday that the collapse of the healthcare reform bill had made the U.S. central bank's job harder as it tried to anticipate which set of policies would pass.
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Dollar moves higher, sterling lower before Brexit trigger
The U.S. dollar index, which measures the greenback's strength against a trade-weighted basket of six major currencies, ticked up 0.2% to 99.74. The dollar was boosted as investor focus shifted back to prospects for further U.S. interest rates hikes this year. Expectations for higher interest rates received a boost after the Conference Board said its index of U.S. consumer confidence rose its highest since December 2000 this month. Investing.com -Investing.com - The dollar gained ground on Wednesday, pulling further away from the multi-month lows hit earlier in the week, while sterling slid lower as markets braced for Britain to trigger its exit from the European Union. The Fed raised interest rates earlier this month and indicated that it saw two further hikes this year.
FOREX-Dollar climbs on Fed talk, sterling pressured by Brexit launch
The dollar index, which tracks the greenback against six major rival currencies, rose to 99.854, up 0.2 percent. For Reuters Live Markets blog on European and UK stock markets see reuters://realtime/verb=Open/url=http://emea1.apps.cp.extranet.thomsonreuters.biz/cms/?pageId=livemarkets (additional reporting by Tokyo markets team; Editing by Jermey Gaunt) "We're also seeing the positive correlation between the stock market and the dollar reinstated. So as the stock market recovers, that's obviously good news for the dollar as well." The Fed raised rates in March, and a majority of the central bank's policymakers foresee at least two more increases this year.
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