Interest rate hike expectations and geopolitical risks boost the dollar rally

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智通财经2026/11/12 11:37

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(1) US inflation data is relatively strong. Several Federal Reserve officials have released hawkish signals. The market is fully pricing in a 25 basis point rate hike in December, with about a 10% probability for a 50 basis point hike.
(2) Tensions in the Middle East are boosting safe haven buying. Geopolitical conflicts in the Strait of Hormuz continue, further benefiting the US dollar.
(3) During the Asian session, the US dollar strengthened, reaching new highs against the euro and pound, and simultaneously rising against non-US currencies such as the yen and Australian dollar.
(4) Looking at the market, the US dollar is approaching key resistance levels against the euro, pound, and yen.
(5) During the New York session, US initial jobless claims, existing home sales, crude oil inventories, and fiscal data will be released, which are worth paying attention to.

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Interest rate hike expectations and geopolitical risks boost the dollar rally

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