The U.S. dollar reached a two-month high as markets anticipated Federal Reserve rate hikes, pressuring the Japanese yen towards intervention levels. Mounting inflation concerns led nearly half of Fed policymakers to expect a hike this year, with strong retail sales further bolstering hawkish sentiment. Fresh Gulf uncertainties also supported the dollar by elevating oil prices.
The U.S. dollar surged to a two-month high as market expectations for Federal Reserve rate hikes intensified. Nearly half of Fed policymakers anticipate a hike this year due to inflation concerns and strong retail sales, bolstering hawkish sentiment. This strong dollar also…
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