The dollar index rose 0.13% to 101.22 after reaching its highest level since July 29, while the Swiss franc weakened and the Norwegian crown gained after its central bank raised rates by 25 basis points to 4.50%.
The dollar reached a fresh two-month high as markets assessed the US rate outlook after strong economic data and hawkish Federal Reserve signals. The dollar index rose 0.13% to 101.22, after touching 101.31, and the euro fell to a two-month low of $1.1373.
The Swiss franc fell 0.26% against the dollar to 0.8273 after the Swiss National Bank held rates steady and reiterated its willingness to intervene in foreign exchange markets. Norway’s crown rose 0.42% to 9.471 per dollar after Norges Bank raised its policy rate by 25 basis points to 4.50% and said it may raise rates again.
The dollar rose 0.28% against the yen to 158.75, its highest level since September 3, putting the yen on track for a fifth consecutive daily decline. Investors also watched energy prices and geopolitics, with Brent crude slightly higher after rising overnight.
