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Currencies: Dollar rises, but Fed rate-hike uncertainty lingers

The U.S. dollar edged higher Thursday, but uncertainty surrounding the Federal Reserve’s monetary-policy outlook kept the dollar in a tight range.

The ICE U.S. Dollar Index DXY, +0.31% a measure of the dollar’s strength against a basket of six rival currencies, was up 0.2% at 95.85 in recent trade, off its highs from earlier in the day. The Wall Street Journal dollar index BUXX, +0.17% which measures the dollar’s strength against a group of 16 currencies, was up less than 0.1% at 86.30.

The dollar strengthened against the yen, erasing most of its decline from earlier in the week as it moved back above the ¥102 level.

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