As traders prepare for the Federal Reserve to resume rate hikes next month, the US dollar rose to an 18-month high, continuing strong gains over the past two months. The US dollar index rose 0.4% on Wednesday, hitting its highest level since May 2025. The dollar rose against all major currencies. The dollar's rally was further boosted on Tuesday. At the same time, Federal Reserve officials made hawkish remarks. At the same time, data showed that consumer prices had risen higher than expected for the third month in a row. Traders began digesting the low-probability expectation that the Fed would raise interest rates by 50 basis points in December, driving short-term treasury bond yields to soar.
Zhitongcaijing · 1d ago
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As traders prepare for the Federal Reserve to resume rate hikes next month, the US dollar rose to an 18-month high, continuing strong gains over the past two months. The US dollar index rose 0.4% on Wednesday, hitting its highest level since May 2025. The dollar rose against all major currencies. The dollar's rally was further boosted on Tuesday. At the same time, Federal Reserve officials made hawkish remarks. At the same time, data showed that consumer prices had risen higher than expected for the third month in a row. Traders began digesting the low-probability expectation that the Fed would raise interest rates by 50 basis points in December, driving short-term treasury bond yields to soar.
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