Fed Hawkish Expectations Drive Dollar Index to Near 100.70; Market Focuses on US PMI and Potential Further Rate Hikes This Year

English summary

Supported by the Fed's restrictive monetary policy stance and expectations of potential further rate hikes this year, the Dollar Index rose for a third consecutive trading day to near 100.70. Markets await upcoming US PMI data to gauge economic resilience, while monitoring hawkish comments from Richmond Fed President Barkin and Boston Fed President Collins regarding interest rate expectations.