Dollar Rally Puts Trump Treasury’s Market Intervention to the Test
8 Articles
8 Articles
The dollar index rose to 101.24 today, reaching its highest level in almost two months, as expectations strengthened that the US Federal Reserve (Fed) will continue its hawkish monetary policy.
Expectations that the Fed will continue raising interest rates, strong US PMI data, and rising oil prices have pushed the dollar index to 101.24, its highest level in the last two months. Analysts emphasize that geopolitical risks and hawkish monetary policy signals are increasing global demand for cash.
Gold fell to $4,250 an ounce, while operators are keeping an eye on Brent's rebound for the movement of rates
The dollar index rose to 101.24 today, reaching its highest level in almost two months, as expectations strengthened that the US Federal Reserve (Fed) will continue its hawkish monetary policy.
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