Traders expect the US dollar to rise in the coming weeks

Odaily reported that traders expect the US dollar to rise in the coming weeks, supported by lingering uncertainties in US-Iran negotiations and an AI-driven rally in US stocks. The dollar index rose last month as investors assess the difficulty of progress in US-Iran talks. The conflict has led to the closure of the Strait of Hormuz, causing energy prices to surge and raising concerns that global central banks, 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 halt information exchanges with the US given Israel's expanded offensive operations in Lebanon. (Jinshi)