Dollar hits 19-month high as Fed tightening is priced in
The dollar has reached its strongest level in 19 months as markets price further Fed tightening, while the yen and Australian dollar weaken.
Fed funds rate
3.88% −0.70 pts · 2 yr
What we know
Market news accounts report the dollar at a 19-month high, though this is unconfirmed. The Aussie dollar is reported near its lowest in almost 10 months. A veteran trader says his firm is long the Dollar Index.
What people are posting
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@FirstSquawk
“Dollar strengthens to its highest level in 19 months as markets price in further Fed tightening”
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