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Dollar index rises to highest level since 2003

Friday, 27 February 2015


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The ICE U.S. Dollar Index rose to its highest level since 2003 Thursday, as currency traders bet that a stronger-than-expected core consumer-price index number will prompt the Federal Reserve to raise interest rates sooner than expected.

The index DXY, -0.13% a measure of the greenback’s strength against a basket of six rival currencies, rose 1.15% to 95.1500, according to FactSet data.

The euro EURUSD, +0.13%  traded at $1.1998, its lowest level since Jan. 26, compared with $1.1361 Wednesday.

The euro EURUSD, +0.13%  traded at $1.1998, its lowest level since Jan. 26, compared with $1.1361 Wednesday.

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