[The U.S. dollar rises to its highest level since May 2025 as bets on interest rate hikes by the Federal Reserve heat up] On November 11, as traders prepared for the Federal Reserve to resume raising interest rates next month, the U.S. dollar rose to an 18-month high, continuing its strong gains over the past two months. The U.S. dollar index rose as much as 0.4% on Wednesday, hitting its highest level since May 2025, with the U.S. dollar rising against all major currencies. The dollar's gains received a further boost on Tuesday when hawkish comments from Federal Reserve officials and data showed consumer prices rose more than expected for a third straight month, sending traders pricing in a slim chance of a 50 basis point rate hike by the Fed in December, sending short-term Treasury yields soaring.