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Dollar nears strongest month in a year
The dollar experienced a strong surge, on track to achieve its biggest monthly gain in nearly a year, supported by traders' anticipation of inflation data and expectations of a robust U.S. economy. It broke through the 1.14 level against the euro, reaching a 13-month high of 1.1325 dollars, and stabilized around 1.1353 dollars. The dollar also approached a four-decade high against the Japanese yen at 161.73. This reversal impacted gold prices, which fell below $4,000 an ounce for the first time in seven months, and pushed Bitcoin below $60,000 for the first time since 2024.
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