US dollar up on Fed officials' rate comments

London

THE US dollar rose to a one-week high against a basket of major currencies on Wednesday, boosted by hawkish comments by US Federal Reserve officials and safe-haven demand following Tuesday's attacks in Brussels.

Three-month sterling implied volatility soared as investors prepared for turbulence exactly three months before a referendum on Britain's EU membership. The currency had been the biggest loser among major currencies on Tuesday, with the events in Brussels seen boosting the "Brexit" campaign.