The dollar index (DXY00 ) Monday rose by +0.23% and posted a new 2-year high. The dollar on Monday had carryover support from last Friday’s stronger-than-expected US Dec payroll report that reduced the chances of Fed rate cuts. Also, higher bond yields on Monday strengthened the dollar’s interest rate differentials...Image by Karolina Kaboompics via Pexels
Dollar Rises and Gold Tumbles on Diminished Fed Rate Cut Expectations
Written on 01/18/2025