The US dollar reached a two‑week high as oil price gains lifted Treasury yields and heightened expectations of a Federal Reserve rate hike.
The US dollar rose to a two‑week high, driven by higher oil prices that lifted Treasury yields.
The move also raised expectations for a Federal Reserve rate hike, influencing FX dynamics for European and Swiss desks monitoring cross‑asset inflation pressures.
Further verified details were not immediately available.
Sophie covers currency markets and central bank policy across Europe, with a focus on how rate decisions ripple through FX pairs. She has been tracking the ECB's policy path since the start of the current easing cycle.
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