The dollar continues to strengthen on international markets, with the dollar index reaching its highest in several months now.
This trend is mainly driven by persistent inflation and robust economic growth in the United States, which are pushing investors to review their expectations regarding the Federal Reserve’s future interest rate interventions.
Furthermore, the American central bank has announced that it plans fewer cuts than in the past, confirming the solidity of the US economy.
Meanwhile, geopolitical tensions in the Middle East continue to cause concern, with a possible worsening of the situation potentially favoring the dollar and Swiss franc as safe havens.
The euro maintains a stable position against the dollar, while the pound registers a slight increase.
Among cryptocurrencies, Bitcoin suffers a decline. The currency market at 4.05 pm marks a rise in the dollar index and an increase in the exchange rate with the Japanese yen. Investors remain awaiting further developments on the international financial markets.
