Investing

The US dollar remained close to a more than two-month high on Thursday as markets continued to price in the possibility of further monetary tightening from the Federal Reserve, despite an interim agreement between the United States and Iran that eased some geopolitical concerns. The Federal Reserve kept interest rates unchanged within a 3.50%-3.75% range.

The US Dollar strengthened sharply against major currencies on Wednesday after investors digested the Federal Reserve’s latest policy statement, revised economic projections, and comments from Chairman Kevin Warsh following the central bank’s policy meeting. The US Dollar Index gained nearly 1% during the session, climbing above 100.50 and reaching its highest level since late March.