Dollar hits 18-month high
The dollar traded today at its highest level in 18 months, influenced by investor caution and their demand for safe-haven assets. The dollar index reached around 102.16 points and approached its previous high. Analysts expect the dollar to continue rising due to ongoing attacks by the Houthis on Saudi energy facilities, which support oil prices. Meanwhile, the market is awaiting the release of the U.S. Consumer Price Index report on Wednesday, a key indicator ahead of the Federal Reserve's meeting in late October 2026 to determine the direction of interest rates.
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