The US dollar reached a one-month high as traders considered a potential Federal Reserve rate hike. Falling oil prices offered some relief from inflation concerns, supporting the dollar's strength. Markets are now pricing in a higher chance of a rate increase this week. Other central banks like the Bank of England and Bank of Japan are expected to hold rates steady.
The US dollar reached a one-month high as traders considered a potential Federal Reserve rate hike. Falling oil prices offered some relief from inflation concerns, supporting the dollar's strength. Markets are now pricing in a higher chance of a rate increase this week. Other central banks like the Bank of England and Bank of Japan are expected to hold rates steady.
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