Dollar Index Surges Amid Strong U.S. Economic Data

The Bloomberg Dollar Spot Index has experienced its eighth consecutive daily increase, marking the longest rally since April 2022. This surge follows unexpectedly robust U.S. employment data, which has led the market to dismiss the likelihood of a 50 basis point rate cut by the Federal Reserve this year. Consequently, the dollar has reached its highest level since mid-August.The resilience of the U.S. economy, highlighted by recent surprising data, has forced traders to recalibrate their expectations for le ...