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Markets

Fed Rate Hike Expectations Boost the Dollar

The dollar index (DXY00 ) rallied to a 1.5-year high on Wednesday and finished up +0.65%. The dollar moved higher Wednes...

By Dhallo News · November 12, 2026 at 3:56 AM IST

The dollar index (DXY00 ) rallied to a 1.5-year high on Wednesday and finished up +0.65%. The dollar moved higher Wednesday as Fed rate-hike expectations rose after Tuesday’s US Oct CPI came in hotter than expected, a hawkish factor for Fed policy, and after several Fed members expressed support for...

SOURCE: Nasdaq
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