US Dollar Surges to Best Week Since 2024 as Oil Prices Spike and Fed Rate Cut Hopes Fade
The US dollar just delivered its strongest weekly performance in more than a year. Investors rushed toward the currency as geopolitical tensions in the Middle East pushed oil prices sharply higher and forced traders to rethink expectations for interest rate cuts. According to market data, the Bloomberg Dollar Spot Index climbed about 1.3% this week, … Read more