Commodities Live: Dollar hits five-year high, growth concerns dent euro

The dollar hit a five-year high on Wednesday before the Federal Reserve next week is expected to hike rates, while the euro weakened on growth concerns after Russia cut off gas supplies to two eastern European nations. Euro slumped to 5-year low on strong dollar. The dollar index jumped 2.5% this week and 6% this month. The euro fell the most this month by 4.6%. Will the dollar be more stronger? What is the reason for the rise in the dollar? For more details, Watch Commodities Live with Mrityunjay Kumar Jha.