The Dollar Index rose 0.55% to 102.401 as bond yields climbed and oil prices remained above $100 per barrel. The Euro weakened significantly due to renewed stress in French government debt, while US stock indices closed lower as investor focus shifted toward Treasury yields and FOMC minutes. Federal Reserve minutes revealed that officials have no appetite for a sustained series of rate hikes, though the previous increase was deemed a necessary move to counter potential inflation risks.
Wall Street indices finished Wednesday's session in the red as climbing Treasury yields and cautious Federal Reserve policy signals weighed on investor sentiment.
Read the full storyGold prices broke below a key psychological level as Federal Reserve minutes signaled further interest rate hikes are likely to combat inflation.
Federal Reserve minutes show officials are cautious about further tightening, viewing the recent rate hike as a precautionary measure against sticky inflation.
The Dollar Index gained 0.55% against major peers, supported by oil prices holding above $100 and fiscal stress in France weighing on the Euro.
