The expectation of the Federal Reserve's interest rate hike has intensified, and the dollar has risen to its highest point since November

According to Jinshi reports, the US dollar reached its highest level since November last year on Tuesday, as traders solidified their views on the Federal Reserve's interest rate hikes this year. Traders expect that by early 2027, the US will have conducted nearly two rate hikes of 25 basis points each. Jordan Rochester, a strategist at Mizuho International, stated that the dollar often strengthens before the Federal Reserve raises interest rates, and the market is actively discussing the possibility that the rate hike cycle may begin in September. Meanwhile, the euro fell to its lowest point in a year, and the yen continued to be under pressure.