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NEW YORK, April 18 (Xinhua) — The U.S. dollar rose in late trading on Monday as traders expect aggressive interest rate hikes by the Federal Reserve in coming months amid high inflation.
The dollar index, which measures the greenback against six major peers, increased 0.28 percent at 100.7810.
In late New York trading, the euro fell to 1.0787 U.S. dollars from 1.0812 dollars in the previous session, and the British pound decreased to 1.3011 dollars from 1.3069 U.S. dollars in the previous session. The Australian dollar decreased to 0.7350 U.S. dollar from 0.7396 dollar.
The U.S. dollar bought 126.96 Japanese yen, higher than 126.39 Japanese yen of the previous session. The U.S. dollar increased to 0.9444 Swiss franc from 0.9429 Swiss franc, and it increased to 1.2616 Canadian dollars from 1.2606 Canadian dollars.
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