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 US Wholesale Inflation Hits Annual High, Signaling More Price Hikes Ahead READ MORE Dominant Dollar Faces Challenges in the Oil Markets READ MORE Turkey's Inflation Climbs to 75.5%, Policymakers Hope for Relief READ MORE Wall Street's Most Bearish Strategist Predicts 32% Stock Market Plunge by 2025 READ MORE CEOs Identify National Debt as Foremost Threat Amid Global Uncertainties READ MORE Add a Comment Cancel replyYour email address will not be published.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