Dollar Heads for Best Run in Year in Bet on Fed Delaying Cuts

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The dollar is on track for its best rally in over a year as investors bet on the Federal Reserve delaying interest rate cuts. The Bloomberg Dollar Spot Index has climbed for a fifth day, reaching its highest level since November. The rally was sparked by strong US retail sales data and reduced expectations for Fed rate cuts following high US inflation data. Traders are now pricing in a start to easing in September and a reduction of 42 basis points by year-end. This view diverges from other major central banks, such as the European Central Bank, which has signaled rate cuts in June.

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https://finance.yahoo.com/news/dollar-heads-best-run-bet-093106775.html