Fed’s Hawkish Stance Boosts Dollar Amid Tariff Concerns
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The US dollar (USD) gained ground against major currencies as the Fed’s hawkish tone dampened hopes for near-term rate cuts.
The Dollar Index (DXY) climbed 0.21%, reflecting traders’ focus on the central bank’s cautious approach amid tariff-related uncertainties.
With Trump’s proposed tariffs threatening to disrupt global trade and weigh on economic growth, the dollar’s strength could persist in the short term.
For traders, this creates opportunities in currency pairs and safe-haven assets, but volatility is likely to remain elevated.
What’s your take—do you see the dollar’s rally continuing, or is a pullback on the horizon? 🤔📊
Chart: Trading Economics