Dollar Rises Amid Strong US Economic Data and US-Iran Negotiation Delays
The US dollar index (DXY) rose to a 1-week high as strong US retail sales and home sales data supported the currency. The dollar also gained after Vice President Vance's trip to Pakistan was delayed due to stalled US-Iran negotiations. Fed Chair nominee Kevin Warsh's emphasis on monetary independence and inflation control further supported the dollar.
Topics: Dollar Index Fed Policy Home Sales Interest Rate Outlook Retail Sales US-Iran Talks