The US dollar has achieved its best monthly performance since June, supported by the Federal Reserve's anti inflation expectations

Affected by the Federal Reserve's suppression of inflation expectations, interest rate expectations, and rising US bond yields, the US dollar achieved its best monthly performance since June. Strong US economic data and inflation risks have boosted the US dollar, while the Iran war has pushed up energy prices and US bond yields. The market expects the Federal Reserve to raise interest rates by nearly 1 percentage point in the next 12 months. Jayati Bharadwaj, Head of Foreign Exchange Strategy at TD Securities, stated that US economic data guides the trend of the US dollar and determines whether the Federal Reserve's rate hike meets market expectations. (Source: Caixin)