Play store
DHAKA: The US dollar strengthened in international currency markets after higher-than-expected inflation in the United States raised the possibility of another interest rate hike by the Federal Reserve.
The dollar climbed to its highest level in 19 months against major currencies on Thursday.
At the time of writing, the US Dollar Index had risen 0.11 percent to 102.98 points, its highest level since April 2025.
Meanwhile, the dollar strengthened against the euro, pushing the European currency down to $1.108, its lowest level since May last year.
The US currency also gained against the British pound, which fell to $1.32.
Recent remarks by Federal Reserve officials have also indicated a tougher stance on controlling inflation. Source: Reuters.
