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Dollar nears multi-week high on rate hike bets
SpaceX is gearing up to launch the Starship vehicle on a historic mission to deploy Starlink satellites, thereby advancing its efforts to expand the satellite communication network. This launch comes at a time when investors are awaiting the U.S. Federal Reserve's decision on interest rate hikes, with expectations indicating a potential 25 basis point increase, which has about a 90% probability. This anticipation is strengthening the U.S. dollar against major currencies, reaching its highest level in several weeks. Meanwhile, some currencies such as the yen, euro, and British pound have declined significantly as markets await the U.S. monetary policy decisions and their impact on market movements and global currencies.
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