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Dollar steady despite rate hike fears
The US dollar rose slightly today following economic data that reinforced expectations of a Federal Reserve interest rate hike, with the dollar index increasing by 0.2% to reach 101.39 points. Meanwhile, the American currency's performance also saw an increase of 1.2% during the second quarter. This came alongside a decline in US jobless claims in June to their lowest level since December 2025, as well as a drop in employment expectations in private sector data. Additionally, the Fed's tightening path continues to influence the US labor market indicators, which affirm the strength of the country's job market.
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