ICE U.S. Dollar Index rises 0.6% as greenback thrashes euro

The dollar is emerging as a major beneficiary of stocks’ continued selloff Thursday based on inflation fears. The ICE U.S. Dollar Index rose 0.6% as of the New York morning, carving out a fresh high last seen in late 2002, according to FactSet. Meanwhile, the greenback thrashed other G-10 currencies such as the euro , which weakened 1% versus the dollar.

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