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Dollar climbs amid US-Japan rate outlook
The dollar rose amid investor anticipation of possible interest rate hikes by the U.S. Federal Reserve and the Bank of Japan, as risk appetite declined due to rising oil prices. The dollar index increased by 0.23% to reach 99.34 points, while the euro fell by 0.28% to 1.1565 dollars, and the British pound declined to 1.3503 dollars. Although the yen decreased by 0.3% to 154.03 against the dollar, it remained close to its seven-month high of 152.89, marking an approximate 4% increase since the beginning of the month supported by expectations of interest rate hikes in Japan.
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