In a risky world, the road to safety leads to US dollar ...Qatar

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The need for safety in an increasingly risky world has investors betting that the dollar’s blistering rally has further to run. The Bloomberg Dollar Index is holding near the 2021 peak it reached in March. It rallied 2.3% in June, its biggest monthly gain since March 2020, when the pandemic panic first shook risk assets, outperforming the British pound and euro, as well as traditional haven currencies the Japanese yen and Swiss franc. The most striking aspect of the greenback’s recent climb is its jump after the FOMC’s June meeting, where the dot plot showed that with the US economy heating up Fed officials expect rate hikes to come far sooner than the market anticipated, potentially as ear

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Last updated : 16 July 2021 clock 10:00 PM

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In a risky world, the road to safety leads to US dollar ...Qatar

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