Reasons behind the dollar's rising trend
The US dollar remained near a one-month high during Wednesday's trading sessions, supported by investor flows into safe-haven assets amid renewed fighting in the Middle East and in anticipation of the Federal Reserve's decision on interest rates. Although markets assign a 33% probability of a 25 basis point rate hike, broader expectations indicate that rates will remain unchanged, with investors favoring the US dollar due to heightened tensions and its appeal as a safe haven—especially after US forces intercepted Iranian rockets and oil prices fell. Meanwhile, the Bank of Japan is expected to keep its policy steady, which has kept the dollar near high levels against the yen.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)