Dollar nears 18-month high as Fed minutes signal possible tighter policy

The dollar climbed near an 18-month high after Fed minutes signaled possible further tightening, while the euro weakened on oil prices and French fiscal concerns.

• The dollar index rose to about 102.3, within reach of its strongest level since April 2025.
• Minutes from the Fed's September 15–16 meeting, published Wednesday, showed policymakers see inflation as the main risk and may need to raise rates again.
• The euro fell to around 1.118 per dollar, near a 17-month low, amid a global bond selloff and a widening French-German yield spread.