The dollar inched higher on Thursday, with expectations of another Federal Reserve rate hike this year kept alive by a policy meeting that also pointed the way to a trimming of the huge emergency funds pumped into the economy since 2009. As widely expected, the Fed raised interest rates a quarter percentage point to a target range of 1.0-1.25 percent on Wednesday but it also gave its first clear outline on its plan to reduce its $4.2-trillion bond portfolio. By 0806 GMT, the index which measures the dollar's broader strength was up 0.2 percent at 97.145. The euro was 0.3 percent lower at $1.1191, down a full cent from a seven-month peak of $1.1296 scaled overnight. The Australian dollar rose 0.2 percent to $0.7599, moving back toward its 2-1/2-month high of $0.7636 hit on Wednesday, after a better-than-forecast employment report.
