Investor Alert

May 12, 2022, 10:26 a.m. EDT

ICE U.S. Dollar Index rises 0.6% as greenback thrashes euro

The dollar is emerging as a major beneficiary of stocks' continued selloff Thursday based on inflation fears. The ICE U.S. Dollar Index (IFUS:DXY) rose 0.6% as of the New York morning, carving out a fresh high last seen in late 2002, according to FactSet. Meanwhile, the greenback thrashed other G-10 currencies such as the euro (XTUP:EURUSD) , which weakened 1% versus the dollar.

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