Reported about 8 hours ago
The dollar has reached a two-month high as political risks abroad overshadow the lack of fresh U.S. jobs data, which typically would pressure the currency. Traders have shifted their positions, showing increased interest in the dollar as a hedge against potential weakness in other currencies like the euro and yen. The market sentiment indicates strong bullish positioning for the dollar, despite dovish commentary from the Federal Reserve regarding interest rate cuts.
Source: YAHOO