đą $ Dollar Index Surges to 102 for the First Time Since August 20 đš
Today, the U.S. Dollar Index (DXY) hit 102, marking a significant milestone in the financial markets. This is the first time since August 20 that the dollar has reached this level, gaining 0.35% on the day. The surge is fueled by cooling inflation rates in the U.S. and expectations that the Federal Reserve may implement only a modest interest rate cut. Traders have been reducing their hopes for a larger rate cut, which has contributed to the dollar's strengthening.
