Strong Dollar Streak Hits One-Year High on Delayed Fed Cuts The U.S. dollar is experiencing its strongest rally in over a year, propelled by expectations that the Federal Reserve will maintain high interest rates longer than anticipated and by increasing demand for the dollar as a safe haven due to rising tensions in the Middle East. The Bloomberg Dollar Spot Index has risen for five consecutive days, marking a nearly 2% increase—its most significant since February 2023. This surge is further intensified by China’s decision to lower the yuan’s reference rate, which has put additional pressure on emerging market currencies. Adjustments in market expectations now suggest that the Fed might delay easing interest rates until September, a shift from the previously expected July, following a series of unexpectedly high U.S. inflation reports that have heightened market volatility. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Investors Flock to Safe Havens After Trump Assassination Attempt READ MORE Treasury Traders Bet on 2024 Fed Rate Cuts READ MORE Dollar Tumbles as Traders Anticipate Fed Rate Cuts Following Inflation Data READ MORE Fed Holds Rates Steady, Hints at Easing Monetary Policy Soon READ MORE Jobs Data Shows Jobs Decreased for Second Month in a Row READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment