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 Gold Prices Dip as Strong Retail Sales Data Reduces Likelihood of Fed Rate Cut READ MORE Bullion Bulls Eye $3,000 as Fed Signals Policy Shift READ MORE Oil's Surge: Algorithmic Buying Meets Geopolitical Tensions READ MORE Global Concerns Rise Over U.S. Economy's Impact on World Currencies READ MORE Has the Housing Market Crash Arrived? READ MORE Add a Comment Cancel replyYour email address will not be published.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