The US dollar index hits a 19-month high as the market bets on another rate hike by the Federal Reserve in December.
智通财经2026/11/13 11:36Show original
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- The US Dollar Index continued its recent strong upward trend, rising slightly to around 103.28, reaching its highest level since April 2025. The strengthening momentum is driven by growing expectations of further interest rate hikes by the Federal Reserve.
- US inflation data came in higher than expected, combined with hawkish statements from Federal Reserve officials. Trading capital has increased bets on rate hikes, and the market has begun to price in the possibility of a single 50-basis-point rate hike in December.
- The strengthening US dollar has also put pressure on global commodities and non-US currencies. The focus going forward will be on speeches by Federal Reserve officials and the next round of inflation data.
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