Economic news

Review: Dollar inches higher on likelihood of interest rates hike next month

The dollar inched up on Thursday as investors assessed the possibility of another U.S. rate hike in December after optimistic economic data.

The dollar index .DXY ticked up 0.1 percent to 93.893.

Versus the Japanese yen, the greenback advanced 0.2 percent to 113.05 yen after it slid as deep as 112.47 overnight.

The euro dipped 0.1 percent to $1.1779, pulling back from a one-month high of $1.1860 in the previous session.

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