Dollar girded by bets on a US hiking cycle

The US dollar continued its recent upward trend against major currencies, driven by expectations of a series of interest rate hikes by the Federal Reserve. This anticipation of a hiking cycle has strengthened the dollar, making it a more attractive option for investors. As a result, the dollar's value is expected to remain stable, at least in the short term, as traders await the outcome of the Federal Reserve's decision.

Why it matters

The expected interest rate hike by the Federal Reserve could lead to a stronger dollar, as traders bet on a US hiking cycle. This could result in a boost to the US economy and affect global markets.

Market impact

Markets & countries in focus

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Likely winners & losers

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