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Dollar hits one-year high on Fed hike bets; Japan warns on yen
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- Dollar hits one-year high on Fed hike bets; Japan warns on yen By Karen Brettell and Harry Robertson Thu, June 18, 2026 at 9:19 PM GMT+7 3 min read JPY=X DX-Y.NYB By Karen Brettell and Harry Robertson
- The U.S. central bank on Wednesday held rates steady in a 3.50% to 3.75% range as Kevin Warsh began his era in charge with a sweeping policy review.
- Updated interest rate projections showed nearly half of policymakers now expect a hike this year as inflation concerns mount, although the new Fed chair did not provide his view.
Dollar hits one-year high on Fed hike bets; Japan warns on yen By Karen Brettell and Harry Robertson Thu, June 18, 2026 at 9:19 PM GMT+7 3 min read JPY=X DX-Y.NYB By Karen Brettell and Harry Robertson
NEW YORK, June 18 (Reuters) - The U.S. dollar index hit a one-year high on Thursday after a hawkish tilt by the Federal Reserve led traders to ramp up bets on rate increases this year, dragging the yen to its weakest level in two years and drawing warnings from Japanese officials.
The U.S. central bank on Wednesday held rates steady in a 3.50% to 3.75% range as Kevin Warsh began his era in charge with a sweeping policy review.
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