Reported 1 day ago
The dollar index has risen by 0.40%, reaching a 1.5-week high, largely due to hawkish remarks from Kansas City Fed President Jeff Schmid, who emphasized the need for continued efforts against persistent inflation. Political instability in France and Japan is also contributing to dollar gains, while ongoing US government shutdown poses potential risks to the economy, affecting the dollar's strength. Meanwhile, the euro and yen are struggling, with the euro dragged down by disappointing Eurozone economic data and political turmoil, and the yen weakening amid concerns over Japan's monetary policy direction.
Source: YAHOO