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

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

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By MarketWatch

The dollar is emerging as a major beneficiary of stocks' continued selloff Thursday based on inflation fears. The ICE U.S. Dollar Index /zigman2/quotes/210598269/delayed DXY +0.42% 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 /zigman2/quotes/210561242/realtime/sampled EURUSD +0.0384% , which weakened 1% versus the dollar.

/zigman2/quotes/210598269/delayed
US : U.S.: ICE Futures U.S.
105.12
+0.44 +0.42%
Volume: 0.00
July 1, 2022 4:59p
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/zigman2/quotes/210561242/realtime/sampled
US : Tullett Prebon
1.0430
+0.0004 +0.0384%
Volume: 0.0000
July 1, 2022 4:59p
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