Economic news

Review: Dollar extends gains on hawkish-sounding Federal Reserve

The U.S. dollar advanced against major peers on Thursday as the U.S. Federal Reserve and the Bank of Japan left their monetary policy unchanged.

The dollar index was firm at 92.524 and near a two-week top of 92.697 set overnight, when it increased 0.8 percent.

The greenback leaped to 112.595 yen, a two-month peak, from around 111.30.

The euro slumped to $1.1879 from above $1.20 just before the Fed left the benchmark interest rate steady.

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