Currency Buzz: Dollar index hits 18-month high as Fed minutes reflect further rise in rates

The US dollar index is holding around 18 month high above 102 mark on a likely increase in interest rates. Federal Reserve officials expect they will raise interest rates again before the end of the year to head off inflation that has run above target for more than five years, according to meeting minutes released Wednesday. This will be the second hike this year. The Fed next decides on rates on October 28.

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