Thursday 24 March 2016

Dollar continues to strengthen after upbeat Fed comments

The dollar climbed against most other rival currencies on Thursday as hawkish comments from Federal Reserve members spurred chatter of a rate rise this spring.

The ICE dollar index DXY, +0.22%  rose 0.3% to 96.299, setting it on track for a fifth straight session of gains. It would also be the gauge’s strongest close in more than a week.

Against the yen, the greenback USDJPY, +0.45%  advanced to as high as ¥113 before stabilizing around ¥112.86.This compared with ¥112.38 late Wednesday in New York.

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