Dollar's Strength Capped by Resilient Global Growth, Fed Caution
Dow Jones
2 hours ago
0953 GMT - Expectations that the Federal Reserve will raise interest further have strengthened the dollar but the currency hasn't risen as sharply as it did following the 2022 energy price shock, MUFG Bank analysts say in a note. "On this occasion, dollar gains have been constrained by the resilience of global growth, particularly in Asia and Europe, where economic activity has held up better than expected," they say. "In addition, the Fed has been slower to tighten policy and has remained cautious about the extent of further tightening that may be required." The DXY dollar index rises 0.1% to 102.342, having reached a near 18-month high of 102.535 Monday.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.