The US dollar has hit a 13-month peak, fueled by a selloff in tech stocks and growing expectations for interest rate hikes from the Federal Reserve. Investors are flocking to safe-haven assets as global stock markets falter. The dollar index has reached its highest level since May 2025, while the Japanese yen continues to weaken, prompting officials to consider foreign exchange interventions.
The US dollar has reached a 13-month high, driven by increased expectations for Federal Reserve interest rate hikes and a significant selloff in tech stocks. Investors are seeking safe-haven assets amidst faltering global stock markets. This surge in dollar demand comes as the…
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