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Jill Biden touts Bidenomics at Chicago Federation of Labor event

Jill Biden touts Bidenomics at Chicago Federation of Labor event
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Dollar to remain steadfast in coming months, say FX strategists: Reuters poll

The U.S. dollar will hold its ground against most major currencies over the coming three months as a resilient domestic economy bolsters expectations interest rates will remain higher for longer, according to FX strategists polled by Reuters. Renewed strength in the dollar coincided with a dent in the euro's stellar run over the past few weeks - it is still up roughly 2.4% against the dollar for the year - on firming expectations the European Central Bank is done hiking rates. The dollar is unlikely to give up recent gains in coming months, according to the July 31-Aug. 2 Reuters poll of 70 FX strategists, which showed most major currencies would not reclaim their recent highs for at least six months.

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