Dollar extends weekly rally as strong data delays fed cuts
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最新报道：The U.S. dollar continues its weekly rally as robust economic data pushes back expectations for Federal Reserve rate cuts. Strong retail sales and industrial production figures suggest persistent inflation, reducing market bets on imminent monetary easing. The dollar index rose 0.3% this week, marking its fifth consecutive weekly gain - the longest streak since early 2023. Analysts note the resilient economy allows the Fed to maintain higher rates longer, with swap markets now pricing in just 35 basis points of cuts for 2024 versus 150 basis points anticipated in January. Emerging market currencies face pressure, while Treasury yields climb as traders adjust to delayed Fed pivot expectations.
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DOT is currently priced at $4.612, up 8% in 24 hours
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