Dollar Eyes Weekly Gain Amid Slower Fed Easing, Inflation Outlook, and Yen Weakness
The U.S. dollar surged this week, setting its sights on the best performance in over a month, buoyed by expectations of slower Federal Reserve rate cuts and concerns that President-elect Donald Trump’s policies could stoke inflation. The dollar index (DXY) climbed to a one-year high of 106.88, poised for a weekly gain of 1.8%—its strongest […]