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Dollar reaches 2-month high
The US dollar rose to its highest levels in nearly two months, supported by expectations of interest rate hikes in the near future, despite falling oil prices which could impact inflation and global monetary policy. This led to a decline in the euro and the British pound against the dollar, and a 0.36% increase in the dollar index. Interest remains focused on interest rates and hawkish statements from central banks, amid escalating tensions in the Middle East and rising oil prices. Additionally, prices for refined products, such as diesel, remain at record highs, as markets await major meetings between global leaders. Meanwhile, the Japanese yen remains under pressure as investors continue to exercise caution regarding potential government intervention in the currency markets.
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