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Dollar stays near peak amid inflation concerns
The US dollar remained near its highest level in a week following warnings from Federal Reserve Chairman Jerome Powell about the need to continue fighting inflation. Powell pointed out that recent data does not confirm that inflation has stabilized at the 2% target, and that financial conditions remain strong, with high consumer spending and solid credit markets continuing. Although no clear guidance has been issued regarding an interest rate increase, markets still predict a potential 25 basis point hike this year, supporting the dollar's position. Currently, markets are focused on US inflation and economic activity data to determine the future path of monetary policy. Other currencies such as the euro and the British pound experienced slight declines, while the South Korean won rose after the Bank of Korea's decision to raise the interest rate by 25 basis points to 3%.
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