Dollar Rally Builds as Hawkish Fed Meeting Stokes Rate-Hike Bets

AI Summary

The US dollar continued its rally, approaching a late-March peak due to increased market expectations that the Federal Reserve will raise interest rates soon. These hawkish signals have driven currency trading activity upward.

The dollar extended its rally for a second day, pushing it back toward the late-March peak, as traders piled into bets that the Federal Reserve will start raising interest rates as soon as late next month.