Dollar rides high on Fed rate-hike bets (opens original article in a new tab)

The US dollar is rising sharply against major currencies due to expectations of a strong economy, higher interest rates, and a hawkish Federal Reserve, with traders closely watching inflation data and corporate demand influencing its momentum.

• US dollar reaches multi-month highs against major currencies like euro and yen
• Traders expect strong US economy and higher interest rates to continue dollar's upward momentum
• Fed's hawkish stance and inflation data influence currency market trends
• Dollar strength impacts gold and bitcoin prices, with gold below $4,000 an ounce and bitcoin under $60,000