Dollars rises near seven months high
The US dollar floats near a seven-month high early on Thursday on reinforced prospects for a near-term U.S. interest rate increase, while the euro struggles near two and half month lows to the greenback.
Sterling was steady, with the dollar’s broad strength cutting short the pound’s rebound on a slight easing of concerns over Brexit.
The dollar was lifted on Wednesday by the minutes of the Federal Reserve’s September policy meeting showing several voting members of the policy committee judged a rate hike would be warranted “relatively soon” if the U.S. economy continued to strengthen.
U.S. bond yields rose, with the benchmark 10-year Treasury yield reaching a four-month high, to help lift the dollar.