World & BusinessUS Dollar Index reportedly hits eight-week high near 100.9
ING links the dollar’s strength to hawkish Fed comments, despite lower oil prices and a global stock rally, in analysis shared September 22.
TLDR
A September 23 post puts the US Dollar Index at approximately 100.9, calling it an eight-week high and its strongest level since late July. ING’s analysis, shared September 22, attributes the dollar’s stronger start to that week to hawkish comments from Fed officials Austan Goolsbee and Alberto Musalem that kept short-term US rates elevated. ING says both officials pointed to further rate hikes, with the dollar strengthening despite lower oil prices and rising global stocks.
US Dollar Index reportedly hits eight-week high near 100.9
ING links the dollar’s strength to hawkish Fed comments, despite lower oil prices and a global stock rally, in analysis shared September 22.