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Dollar resumes climb in Asia as Powell speech, ECB loom - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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The dollar resumed its rise in Asia on Thursday after falling back from a two-decade high overnight.

The US dollar index, which measures the currency against six major peers, added 0.1% to 109.80, edging back toward Wednesday’s peak at 110.79, a level not seen since June 2002.

Recent rhetoric has continued to be hawkish overall, with Boston Fed President Susan Collins saying overnight that bringing inflation back down to 2% is the Fed’s “Job One,” while Fed Vice Chair Lael Brainard commented that tight monetary policy will continue “for as long as it takes to get inflation down.”

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