Reported 7 months ago
The US dollar continued its winning streak after the Federal Reserve maintained interest rates, leading traders to position correctly for the June policy decision. The Bloomberg Dollar Spot Index marked its fourth consecutive week of gains, reaching near its strongest level of the year after the Fed projected just one rate cut for 2024. Speculative traders, after adding over $6 billion in bullish dollar bets, are benefiting from the interest-rate differential between the US and other major economies, supported by the Fed's policy divergence and market turmoil in France.
Source: YAHOO