Dollar rises towards 2-year high after Fed policy maker’s comments

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Reuters UK

By Alun John HONG KONG (Reuters) – The dollar edged up to its highest level in nearly two years on Wednesday after jumping overnight on more hawkish comments from a Federal Reserve official, while the euro was hurt by the prospect of new Western sanctions on Russia. The dollar index, which measures the greenback against six peers, gained 0.15% in early trade to 99.620, its highest level since May 2020. The index gained 0.5% on Tuesday after Fed Governor Lael Brainard said she expects a combination of interest rate increases and a rapid balance sheet runoff to bring U.S. monetary policy to a “m…

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