The US dollar is expected to record its best weekly performance in three months, according to ChainCatcher

According to Gate market data, the US dollar is expected to record its best weekly performance in three months, following signals from the Federal Reserve indicating further interest rate hikes. The US Dollar Index (DXY) has risen about 1.1% this week and has slightly surpassed the 200-day moving average.

JPMorgan Chase, Standard Chartered Bank, and others believe that the Federal Reserve's interest rate hikes have removed the biggest obstacle to the strengthening of the US dollar.