The dollar maintains its strength and rises

The dollar maintained its recent gains, making a significant jump over the past three months against a basket of currencies, driven by varying central bank expectations.

After the Federal Reserve’s policy meeting, it appears that it is preparing to keep interest rates high for longer than markets expected, which raised US Treasury bond yields and pushed the dollar to rise 1.2 percent to its highest levels in two years.

Trading volumes are likely to diminish this week as the end of the year approaches and important economic data is scarce, meaning that the issue of interest rates will likely remain the main driver in the foreign exchange market.

The dollar index rose 0.1 percent to 108.2. (Sky News)