Dollar hits 19-month high as Fed rate hike bets grow

The US dollar surged to a 19-month high against major global currencies as traders anticipate further interest rate hikes by the Federal Reserve following higher-than-expected October inflation data. The dollar index rose 0.11% to 102.98 points, its highest since April 2025. The euro fell 0.08% to $1.108, its lowest since May of last year, while the pound weakened 0.16% to $1.3259. Hawkish Fed officials signaled possible rate increases, with Goldman Sachs expecting another hike in early 2026. In Ukraine, the National Bank set the official hryvnia rate at 45.32 per dollar on November 12, strengthening by 18 kopiykas. Cash dollars may reach 46.40 hryvnia and euros 51.90 hryvnia this week. Bitcoin fell 1.03% to $73,548.43.