DOLLAR SURGES TO ONE-YEAR HIGH ON RATE BETS The U.S. dollar hit a one-year high Tuesday as safe-haven demand grew amid uncertainty over U.S…
DOLLAR SURGES TO ONE-YEAR HIGH ON RATE BETS
The U.S. dollar hit a one-year high Tuesday as safe-haven demand grew amid uncertainty over U.S.-Iran talks and rising expectations of Federal Reserve rate hikes. The DXY index reached 101.186, while the euro fell to a 10-month low. Strong U.S. growth signals and higher bond yields are supporting the dollar, though analysts warn further gains may slow as some positive factors fade.
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