Traders expect the US dollar to rise in the coming weeks

Odaily reports that traders expect the US dollar to rise in the coming weeks, supported by factors including persistent uncertainties in US-Iran negotiations and an AI-driven rally in US stocks. The US dollar index rose last month, and investors are currently assessing the difficulty of progress in US-Iran talks. The conflict has led to the closure of the Strait of Hormuz, causing energy prices to soar and raising concerns that central banks worldwide, including the Federal Reserve, may need to raise interest rates to combat inflation. On Monday, the index rose another 0.4%. This followed reports that Iran would suspend information exchanges with the US, given Israel's expanded attacks on Lebanon. (Jinshi)