Basket of Currencies and Federal Reserve

Federal Reserve: On Wednesday, The Dollar Index, which compares the dollar with a basket of 16 widely traded currencies, rose 0.2% to 88.34, roughly 1.1% away from the 12-year high it reached on March 13, according to Wall Street Journal and The dollar firmed against a basket of currencies as investors continued to bet the U.S. currency will appreciate further once the Federal Reserve raises borrowing costs. Light trading on little U.S. data continued to hold... (news.financializer.com). As reported in the news.