London: The dollar index, which measures the US currency against six major peers, was up 0.038 percent at 105.21, thus settling near its highest level in seven weeks, after a slew of strong US economic data reinforced the view that the Federal Reserve will have to raise interest rates further and for longer.
The market is now pricing rates to peak at 5.4 percent in July and remain above 5 percent through the end of the year.
