Favored by its status as a safe haven in the face of geopolitical considerations, the dollar appreciated Thursday against the main currencies, including the euro. The greenback is facing the prospect of a reduction in monetary support from the US Central Bank (Fed) this year.

Around 6:45 p.m. GMT, the dollar gained 0.30% against the single European currency to 1.1676 dollars for one euro, the highest since November 2. The dollar index, which compares it to a basket of currencies, earlier in the day hit a high since May 5, 2020, at 93.500 points. Minutes of the July 27-28 Fed meeting, released Wednesday, also boosted the dollar, Markets.com analyst Neil Wilson said. When the Fed opens the door to a tightening of its monetary policy, the dollar benefits. But Fed officials remain divided on when is the most opportune time to start doing so.