Two more increases are likely next year.The dollar index, which measures its value against six major peers, traded at 95.664, up 0.1 percent on Thursday. "The dollar is being bid as there is follow through support post the release of the FOMC minutes," said Ray Attrill, head of currency strategy at NAB. "Dollar bulls are playing to the view that the market is under-pricing what the U.S. Fed can do," added Attrill.U.S. benchmark 10-year treasury yields climbed to 3.2 percent on Thursday. "The fact that they refrained from labelling China a currency manipulator is a positive development, especially from the point of view of emerging market currencies," said Attrill.

Source: thestar October 18, 2018 00:56 UTC