Dollar hits 1-month high as Fed officials talk up rate hikes

Published by
Reuters UK

By Kevin Buckland TOKYO (Reuters) – The U.S. dollar climbed to a fresh one-month high against a basket of major peers on Friday as Federal Reserve policymakers continued to talk up the need for further interest rate hikes ahead of their key Jackson Hole symposium next week. The dollar index rose 0.121% to 107.620, after earlier touching 107.68, its highest since July 18. The gauge is on track for a 1.89% rally this week, which would be its best weekly performance since June 12. The greenback rose to 136.38 yen for the first time since July 28, while the euro dipped to $1.00735, the weakest sin…

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