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Dollar Hugs 13-Month Peak as Market Awaits Next Fed Cue

November 22, 2024, 08.52 AM | Source: Reuters
Dollar Hugs 13-Month Peak as Market Awaits Next Fed Cue

ILUSTRASI. The dollar index edged down 0.05% to 107.01, not far off Thursday's one-year high of 107.15, its highest level since Oct. 4, 2023

INDEKS DOLLAR - TOKYO. The U.S. dollar stuck close to a 13-month high on Friday as investors assessed the outlook for the Federal Reserve's interest rate path and uncertainty in Europe kept the euro on the back foot, while bitcoin eyed the $100,000 level.

The yen, meanwhile, held its ground against the greenback after domestic core inflation figures remained above the Bank of Japan's (BOJ) 2% target in a sign conditions for further interest rate hikes were falling in place.

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