The dollar index, which measures the dollar against six major world currencies, rose to the highest since early February on reinforced expectations that the Federal Reserve would raise interest rates within the year, and a weaker euro at a seven-month low. It closed at 98.695 after hitting 98.813, the highest since February 3. The hawkish speech by New York Fed president Dudley and rising expectations that Hillary Clinton would win the presidential election increased market bets on interest rates hike by the U.S. central bank. The euro closed down 0.43 percent at $1.0882 against the greenback, the lowest since March 10. Against the yen, the dollar was down 0.14 percent at 103.80. The euro is expected to meet resistance and support against the dollar at $1.1085 and $1.0750 respectively, while the dollar is expected to meet resistance and support against the yen at 104.99 and 103.00 respectively.

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