Expectations of Fed interest rate hike rise, US dollar exchange rate rises to eight week high

Affected by rising expectations of interest rate hikes by the Federal Reserve and rising energy prices, the US dollar rose to its highest level against a basket of currencies since the end of July. Brent crude oil prices have risen again above $100 per barrel, and Standard Chartered Bank strategist Steve Englander said that the trend of the US dollar strengthening in the medium to long term is beginning to emerge. (Source: Jin Shi)