Tokyo, November 12 (QNA) - The US dollar climbed to a 19-month high against major currencies on Thursday, buoyed by mounting expectations of higher US interest rates, while the Japanese yen slid toward the closely watched 160-per-dollar threshold after dovish remarks from a Bank of Japan official.
The dollar index, which tracks the greenback against a basket of major currencies, advanced 0.15% to 103.02, its highest level since April 2025.
Against the yen, the dollar rebounded from earlier losses to trade 0.04% higher at 159.83 yen, underpinned by the wide interest-rate differential between the United States and Japan as traders increasingly wagered that the US Federal Reserve will maintain a tighter monetary policy stance. The greenback earlier touched its highest level in more than two months.
The euro edged 0.06% higher to $1.1096, while the British pound slipped 0.1% to $1.3266.
The Australian dollar was little changed at $0.6847, while the New Zealand dollar eased 0.05% to $0.5559. (QNA)