The US dollar is growing in value against the world’s major currencies. The dollar continues to be supported by expectations of further tightening of monetary policy by the Federal Reserve System (FRS) of the USA in the conditions of persistently high inflation, Trading Economics writes.

Investors are evaluating the official data on inflation in the UK in September. Consumer prices last month rose by the highest annualized rate in 40 years at 10.1%, while analysts were expecting a 10% rise. British inflation was 9.9% in August.

The Bank of England will start selling government bonds from the central bank’s portfolio early next month as part of quantitative tightening to combat record inflation, Bloomberg writes. Initially, the regulator planned to start selling government securities on October 6, but then postponed it to October 31 because it had to announce the opposite step – bond-buying. The British Central Bank bought up paper last week after the announcement of large-scale fiscal stimulus by the country’s former finance minister Kwasi Kwarteng, which led to a fall in the bond market due to expectations of a strong increase in the debt burden on the government.

As of 9:21 a.m. Moscow time, the euro was down 0.17% against the dollar to $0.9841, compared to $0.9858 at Tuesday’s market close.

The U.S. currency against the yen rose 0.07% to 149.36 yen against 149.26 yen at the end of the previous session.

The pound sterling fell 0.13% to $1.1305 from $1.1320 at the end of previous trading.

The so-called offshore yuan, traded in Hong Kong, fell to 7.2366 yuan/$1 from 7.2240 yuan/$1.

The ICE-calculated index, which shows the dollar’s performance against six currencies (euro, Swiss franc, yen, Canadian dollar, pound sterling and Swedish krona), added 0.07%, while the broader WSJ Dollar Index added 0.11%.