The dollar index held around 100.2 on Friday, near a seven-week high, as traders assessed the Federal Reserve’s policy outlook after its latest rate decision and monitored softer oil prices. The index was heading for a weekly gain of more than 1% after the FOMC (Federal Open Market Committee) unanimously raised the federal funds rate by 25 basis points to 3.75%-4%, its first increase in three years. Fed officials indicated that further tightening could come later this year as they seek to contain rising price pressures, while Chair Kevin Warsh said inflation remains elevated. The Bank of Japan is also expected to raise rates, whereas the Bank of England kept borrowing costs unchanged on Thursday and warned that a prolonged conflict in the Middle East could eventually require a rate increase. Oil prices fell for a third consecutive session as Saudi Arabia worked to restore flows through its East-West pipeline, reducing inflation concerns.