Dollar hits 13-month high as rate-hike bets, stock rout boost demand (opens original article in a new tab)

The U.S. dollar reached a 13-month high as investors sought safe-haven assets amid tech stock declines and expectations of Federal Reserve rate hikes, with the dollar index hitting 101.51 and the yen struggling against the greenback.

• U.S. dollar hits 13-month high against major currencies
• Investors seek safe-haven assets due to tech stock selloff and expected Fed rate hikes
• Dollar index reaches 101.51, euro near one-year low, yen struggles at 161.55