U.S. dollar climbs as traders bet on aggressive Fed rate hike

NEW YORK, July 14 (Xinhua) -- The U.S. dollar appreciated in late trading on Thursday as traders bet that surging U.S. inflation will force the Federal Reserve to raise interest rates aggressively.

The dollar index, which measures the greenback against six major peers, increased 0.53 percent to 108.5420.

In late New York trading, the euro fell to 1.0032 U.S. dollars from 1.0065 dollars in the previous ses