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US dollar ticks up on expected hike of interest rate

Updated : August 24, 2018 07:18 AM IST

The dollar index, which measures the greenback against six major peers, rose 0.55 per cent to 95.6715 on Thursday.
The Federal Reserve of the US would make its decisions on interest rates regardless of political consideration and political influences, said Dallas Fed President Robert Kaplan on Thursday, expressing his confidence on continuity of its manner.
Federal Reserve was considering another rise of interest rate on its meeting dated from July 31 to August 1, according to minutes of the meeting revealed on Wednesday.
US dollar ticks up on expected hike of interest rate

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