Reported 2 days ago
The dollar index surged by 0.48%, reaching a 1.5-week high due to hawkish comments from Fed officials emphasizing the need to combat persistent inflation. Meanwhile, political instability in France and Japan negatively impacted the euro and yen, respectively. Despite potential risks from the U.S. government shutdown affecting economic growth, market expectations lean towards a likely interest rate cut by the Fed at the upcoming FOMC meeting.
Source: YAHOO