Dollar Steady As Interest Rate Expected To Rise – 11 July, 2018

The dollar edged up against the yen, reaching close to a six month high on expectations that the U.S. Federal Reserve will raise interest hikes two times this year. The dollars index against a basket of six major currencies reached as high as 94.769 and later traded at 94.725. Against the yen, the dollar rose by 0.1 percent to 112.07 yen and reached as high as 112.175 the day before.