Core Insights - The US economy shows strong performance, with the dollar on track for its longest consecutive rise since February [1] - The Bloomberg Dollar Spot Index increased by 0.3%, reaching its highest level since June 23, marking five consecutive days of gains [1] - Recent US economic growth and inflation data exceeded expectations, reinforcing the Federal Reserve's hawkish stance [1] Economic Performance - In Q2, US economic activity rebounded slightly due to a modest increase in consumer spending [1] - The core PCE, the Fed's preferred inflation measure, rose by 2.5% year-on-year [1] - ADP private sector employment data indicates that the labor market remains robust [1] Market Implications - Market perceptions may suggest that the Fed's future rate cuts will be slower and delayed [1] - If Fed Chair Powell maintains a relatively neutral policy outlook, the dollar's interest rate attractiveness may further increase [1]