Reported 11 months ago
The dollar continued to strengthen for a fifth consecutive week as the Federal Reserve's first interest-rate cut timing remains uncertain, causing the Bloomberg Dollar Spot Index to rise by 0.1%. This marks the longest stretch of weekly gains since February. The Japanese yen weakened against the dollar for the 10th time out of 11 sessions, closing at 159.80. Analysts believe that the dollar's dominance will persist until the Fed signals a move towards easing, impacting currencies like the Swiss franc and the yen the most.
Source: YAHOO