Dollar stays near 1.5-year high
The US dollar is experiencing stability at its highest levels since April 2022, supported by expectations of interest rate hikes in the United States before the end of 2026, as well as rising energy costs and US Treasury yields. This comes amid escalating geopolitical risks in the Middle East and Ukraine. It is worth noting that the dollar index registered 102.56 points, with a slight decline against the Japanese yen and the British pound, while the yuan remained close to its highest level in four years. The strength of the dollar is primarily driven by increased expectations of rate hikes and the decline of other currencies due to market disruptions.
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