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Economics15h 51m ago

The U.S. dollar index hit a one-year high on Thursday after a hawkish tilt by the Federal Reserve led traders to ramp up bets on rate increases this year, dragging the yen to its weakest level in two years and drawing warnings from Japanese officials.

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U.S., Japan

Who
Federal Reserve, traders, Japanese officials, Kevin Warsh, Sarah Ying, Lee Hardman, Minoru Kihara, Bank of England
What
The U.S. dollar index hit a one-year high on Thursday after a hawkish tilt by the Federal Reserve led traders to ramp up bets on rate increases this year, dragging the yen to its weakest level in two years and drawing warnings from Japanese officials.
When
Thu, 18 Jun 2026 19:22:41 GMT · 15h 51m ago
Where
U.S., Japan ·
Why
A hawkish tilt by the Federal Reserve led traders to ramp up bets on rate increases this year, driven by inflation concerns and a stronger US economic growth outlook.
The Frontline Impact

How this affects you

The dollar's surge to a one-year high caused the euro and sterling to fall to two-month lows, and the Japanese yen to weaken to its lowest level since July 2024, prompting warnings from Japanese officials.

Story chain

6 events in this thread
  1. Economics13h 34m ago
    Shares in the utilities sector rose and U.S. natural gas futures settled higher.
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  2. Economics13h 35m ago
    Shares in the utilities sector rose and U.S. natural gas futures settled up 2.8% at $3.233/mmBtu.
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  3. Currently Reading15h 51m ago
    The U.S. dollar index hit a one-year high on Thursday after a hawkish tilt by the Federal Reserve led traders to ramp up bets on rate increases this year, dragging the yen to its weakest level in two years and drawing warnings from Japanese officials.
  4. Economics17h 13m ago
    Fed Chair Kevin Warsh conducted his maiden press conference, signaling a shift towards data-dependent policymaking and a hawkish stance on inflation, which led to immediate market volatility.
    Open article
  5. Economics21h 13m ago
    Fed Chair Kevin Warsh held his maiden press conference, signaling a shift towards data-dependent policymaking and a hawkish tilt in rate expectations.
    Open article
  6. Economics21h 13m ago
    Fed Chair Kevin Warsh held his maiden press conference, signaling a shift towards data-driven policy and a hawkish tilt, which led to market reactions including a selloff in short-term debt and a surge in the dollar.
    Open article

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