The dollar is set to hit a two-year high against a basket of major currencies on Thursday after the Federal Reserve’s meeting minutes revealed that the US central bank was preparing to act aggressively to combat inflation, while commodity-linked currencies fell.<\/p>\n\n\n\n
The euro remained near a one-month low of less than $1.09 as investors awaited the outcome of the European Central Bank meeting later.<\/p>\n\n\n\n
By 1045 GMT, the dollar index recorded 99.676 after reaching 99.823, its highest level since May 2020.<\/p>\n\n\n\n
The Australian dollar fell 0.5%, while the New Zealand dollar fell 0.2%.<\/p>\n\n\n\n
The euro hit a one-month low of $1.0865 and was last down 0.1 percent to $1.0887.<\/p>\n\n\n\n
The Japanese yen was stuck near a one-week low and last recorded 123.80 against the dollar.<\/p>\n\n\n\n
The sterling compensated part of its losses to trade up 0.1 percent at $1.3075.<\/p>\n\n\n\n
A sell-off in stocks and other risky assets this week also weighed on cryptocurrencies. Bitcoin rose 0.5% to $43,402 after falling 5% on Wednesday.<\/p>\n","protected":false},"excerpt":{"rendered":"
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