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The US dollar has risen to its highest level in over a year, supported by expectations of an interest rate increase in the United States during this year, despite the U.S. Federal Reserve maintaining rates at 3.50-3.75%. The forecasts suggest that rates will be raised by October. The euro and the British pound fell to their lowest levels in over two months, while the dollar index reached its highest since May 2025, amid ongoing market expectations of further monetary tightening. The Japanese yen also declined to its lowest point since July 2024, as the Bank of England prepares to set the interest rate at 3.75%.
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