💨 Abstract

The dollar is maintaining seven-week highs against major currencies due to reduced expectations for U.S. interest rate cuts following a strong jobs report. Traders are now ascribing an 86% chance of a 25 basis points reduction in November, down from over 70 bps just a week earlier. This has boosted the dollar against the euro, sterling, and yen. The dollar index currently stands at 102.41

Courtesy: theprint.in