Dollar Holds Near Multi-Week Highs on 'Higher-for-Longer' Bets

The dollar stayed elevated on rate expectations even as the Supreme Court's record-low approval rating underscored legal pressure tied to the administration's Fed-related actions.

Dollar Firms on Rate Bets

The dollar held at multi-week highs as 'higher-for-longer' rate bets offset a fall in oil prices, and separately hovered near a four-week peak as markets weighed the odds of a Fed hike.

Fed Faces Legal Pressure

Supreme Court approval hit a record low as Republican support declined, following losses for the Trump administration this year on issues including tariffs, birthright citizenship, and the Federal Reserve.

Sources

• Dollar holds at multi-week highs as ’higher-for-longer’ rate bets offset oil fall (investing_com)
• Dollar hovers near four-week peak as markets mull Fed hike odds (yahoo_finance)
• Supreme Court approval hits record low as Republicans' support declines (cnbc)

Not investment advice.