The ICE U.S. Dollar Index rose to its highest level since 2003 Thursday, as currency traders bet that a stronger-than-expected core consumer-price index number will prompt the Federal Reserve to raise interest rates sooner than expected.
The index DXY, -0.13% a measure of the greenback’s strength against a basket of six rival currencies, rose 1.15% to 95.1500, according to FactSet data.
The euro EURUSD, +0.13% traded at $1.1998, its lowest level since Jan. 26, compared with $1.1361 Wednesday.
The euro EURUSD, +0.13% traded at $1.1998, its lowest level since Jan. 26, compared with $1.1361 Wednesday.
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