Dollar hovers near 2-month peak, Swiss Franc falls, Norwegian crown rises

The dollar reached a two-month peak on Thursday, steadying near its highest level in nearly a month. This surge was fueled by expectations of further interest rate hikes from the Federal Reserve, following strong economic data and a more hawkish tone from Fed officials. In contrast, the Swiss Franc experienced a decline against the dollar and euro, as the Swiss National Bank maintained its policy stance, signaling its willingness to actively intervene in foreign exchange markets to curb franc strength.

The Norwegian crown, on the other hand, experienced a rise after the central bank increased its policy interest rate by 25 basis points to 4.50 percent, signaling potential further hikes.