Currency Buzz: Dollar Index Hits Five Week High Above 108 Mark

22 Aug 2022 , 03:26 PM

The US dollar index hit a fresh five-week high above 108 on Monday after another Federal Reserve official flagged the likelihood of continued aggressive monetary tightening ahead of the central banks key Jackson Hole symposium this week. The euro fell to a new five-week trough after Russia announced a three-day halt to European gas supplies via the Nord Stream 1 pipeline at the end of this month.Powered by Commodity Insights