The US dollar hit a 19-month high against major currencies.

The dollar hit a 19-month high against major currencies as market expectations for a Federal Reserve rate hike rose, fueled by higher-than-expected October inflation data. (Source: Reuters) AI Interpretation: The unexpectedly strong inflation data shattered market optimism regarding interest rate cuts. This result confirms that inflation stickiness within the US economy remains stubborn, forcing the market to reprice the Federal Reserve's monetary policy path. The strong performance of the US dollar reflects capital's clear expectation of a prolonged high-interest-rate environment. This data completely reversed previous dovish sentiment, providing solid support for dollar assets.