The dollar index (DXY00 ) today is up by +0.29% and posted a new 2-year high. The dollar has 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 are strengthening the dollar’s interest rate differentials as the...Pile of money by Atlantagreg via iStock
Dollar Climbs and Gold Slides on Reduced Fed Rate Cut Expectations
Written on 01/18/2025
Rich Asplund