Dollar Eyes Best Run in 18 Months on Fed Rethink, Haven Demand
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The US dollar is on track for its biggest weekly gain in over a year and a half due to the strength of the US economy and its safe-haven status. The dollar has gained roughly 1.3% since Monday's open, driven by hotter-than-expected inflation data and a report that Israel was preparing for an Iranian attack. Traders are pushing back the timing of the first Fed rate cut, contributing to the dollar's strength. The dollar's weekly advance is the largest since September 2022.



https://www.bloomberg.com/news/articles/2024-04-12/dollar-eyes-best-run-in-18-months-on-fed-rethink-haven-demand