The surge suggests that traders remain unconvinced that the Federal Reserve is done hiking interest rates. The U.S. Dollar Index’s move to its highest level in a year and a half indicates a persistence of rate-hike expectations in the currency markets.
Tuesday, October 20, 2026
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US Dollar Index Hits 18 Month High
Global Markets8 days ago
The DXY rose to its strongest point since April 2025 during trading on October 12. This climb brought the benchmark measure of the greenback to a peak not reached in 18 months, as noted by multiple market trackers.
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