Dollar Surges as Fed Rate Hike Expectations Grow Amid Inflation and Global Bond Sell-Off – EconoTimes
The U.S. dollar extended its rally for a fifth consecutive session on Friday, posting its strongest weekly performance in more than nine months as investors increased expectations for further Federal Reserve interest rate hikes. Rising inflation concerns, higher Treasury yields, and ongoing geopolitical tensions fueled demand for the greenback as a safe-haven asset. The U.S. Dollar Index climbed 0.5% to…
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