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The dollar reaches new highs

The dollar reaches new highs

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On Thursday, the dollar, driven by the U.S. Federal Reserve (Fed) rate hike, reached new highs against other major currencies.

 

Yesterday, at around 15:00 GMT (17:00 in Paris), the greenback was back on the rise against the euroIt gained 0.24% to 0.9814 dollar, after climbing to 0.9809 dollar: a peak since 2002.

 

For its part, the Fed raised rates by 0.75 percentage points, the third consecutive increase of this magnitude.

 

Fed Chairman Jerome Powell said he was determined to keep up the rapid pace of rate hikes to fight inflation.

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