TOKYO: The US dollar climbed to a 19-month high against major currencies on Thursday, driven by growing expectations that the Federal Reserve will raise interest rates following stronger-than-expected October US inflation data.

Hawkish remarks from Fed officials have fueled bets on tighter monetary policy, with some brokerages, including Goldman Sachs, expecting additional rate hikes in December and early next year. Meanwhile, the Japanese yen weakened toward the 160 per dollar level following dovish comments from Bank of Japan board member Toichiro Asada.

Investor Takeaway: Broader US dollar strength and persistent Fed rate hike expectations tend to maintain pressure on emerging market currencies and international commodity prices, making global central bank guidance a key focal point for financial markets.