Fed Hawkish Shift Lifts Dollar Above 100, MUFG Says
MUFG analyst Lee Hardman notes the Fed's latest policy update has lifted US rates and supported the Dollar, pushing the Dollar Index back above 100.00 as markets price in multiple rate hikes.
DXY
The Dollar Index has moved back above the 100.00 level following the Federal Reserve’s latest policy update, according to MUFG’s Lee Hardman. The analyst highlights that the Fed’s hawkish shift has lifted US interest rates and provided fresh support for the greenback.
Markets are now pricing in multiple Fed rate hikes, reinforcing the dollar's strength. Hardman’s comments come amid a broader reassessment of the US monetary policy outlook, with traders adjusting their expectations for the pace and magnitude of tightening.
Source: FXStreet Forex News