Mumbai, Sept. 24 -- The US dollar index spiked to its highest level in two months as markets bet on the Federal Reserve raising interest rates further. Soaring bond yields and upbeat economic cues also pushed the US currency higher. The Fed lifted rates by 25 basis points last week and pointed to at least one further rise this year, strengthening the dollar as market rate hike expectations continue. The index currently quotes at 100.99, up 0.17% on the day. Further volatility is possible as FOMC Member Barkin, Hammack and Paulson are due for talks in evening.
Published by HT Digital Content Services with permission from Capital Market....