News · 20 May 2026
US dollar hits April 7 high on 50% Fed rate hike bet.
Photo by Sergei Starostin on Pexels
Inflation concerns related to the Iran conflict are leading to speculation about central bank actions, but the Federal Reserve's stance on interest rates remains cautious. This led to the US dollar index rising on Wednesday, reaching its strongest point since April 7. The currency's strength reflects safe-haven demand and traders betting on over a 50% chance of a Federal Reserve rate hike by December.
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