B · Normal
[The U.S. dollar rises to its highest level since May 2025, U.S. inflation exceeds expectations, prompting bets on interest rate hikes] On October 14, the U.S. dollar rose to its highest level in more than a year, and U.S. inflation data was higher than expected, prompting traders to increase their bets that the Federal Reserve will raise interest rates. The U.S. dollar index rose sharply on Wednesday, breaking through its November high, rising as much as 0.5%, hitting its highest level since May 2025. U.S. consumer prices rose the most in five months, driven by rising fuel costs, the Bureau of Labor Statistics showed. U.S. Treasuries fell after the data was released, pushing yields higher across all maturities.
Global market intelligence 🕐 2026-10-14 23:49
#Global market intelligence
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