Dollar Reaches 13-Month High Amid AI Boom and Anticipated Fed Rate Hike

The US dollar hit a 13-month high this week, driven by foreign investors attracted to the AI boom and the prospect of a Federal Reserve rate increase later in the year.

28 Jun, 09:00 — 28 Jun, 09:00

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wapoMostly Factual62d ago

Dollar hits 13-month high as foreign investors overlook worries about Trump

Foreign investors helped drive the dollar to a 13-month high this week, drawn by the AI boom and the prospect of a Fed rate increase later this year.

By David J. Lynch

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Dollar Reaches 13-Month High Amid AI Boom and Anticipated Fed Rate Hike

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Dollar hits 13-month high as foreign investors overlook worries about Trump

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