Reported about 19 hours ago
The US dollar is on track for its best quarter since 2022, reaching a two-year high, driven by a robust US economy and a hawkish Federal Reserve outlook. With the Bloomberg Dollar Spot Index climbing 6% since September, analysts note that Trump's trade policies and a healthy labor market have further strengthened the dollar's position, despite recent inflation data causing a slight dip. Non-commercial investors are notably optimistic, pushing dollar longs to their highest levels since May.
Source: YAHOO