Dollar down, still gains fourth week
The dollar remains on its upward trajectory, marking gains for the fourth consecutive week, having risen slightly amid expectations of another U.S. interest rate hike by the end of 2026. This stability comes despite a decline in U.S. Treasury bond yields, which remain near levels not seen in decades, supporting a hawkish monetary policy. Additionally, the Federal Reserve meeting minutes indicated the continued possibility of further rate increases, with limited market impact from falling oil prices. Although the dollar index has slightly retreated, it remains close to its highest levels in a year and a half, with an expected weekly gain of approximately 0.13%.
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