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.

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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