Economic TimesLean R·
Dollar hits 13-month high as rate-hike bets, stock rout boost demand
The US dollar has hit a 13-month peak, fueled by a selloff in tech stocks and growing expectations for interest rate hikes from the Federal Reserve. Investors are flocking to safe-haven assets as global stock markets falter. The dollar index has reached its highest level since May 2025, while the Japanese yen continues to weaken, prompting officials to consider foreign exchange interventions.
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