Economy
US Dollar Hovers Near 18-Month High Amid Middle East Tensions
Livemint1h
THE BRIEF
1
The US dollar index rose 0.37% to 102.58, reaching its highest level since April 2025, driven by safe-haven demand amid escalating Middle East attacks and US inflation data.
2
Federal Reserve policy meeting minutes indicated the possibility of another interest rate hike in December, keeping borrowing costs elevated and bolstering the greenback.
3
Analysts note that a strong US dollar could pressure Indian equity markets like Sensex and Nifty 50 by encouraging foreign portfolio investors to shift funds to US assets.