(Bloomberg) The world’s financial markets are encountering a force they didn’t bet on for 2024: A strong dollar is back and looks set to stay.Most Read from BloombergTikTok to Remove Executive Tasked With Fending Off US ClaimsElon Musk’s Robotaxi Dreams Plunge Tesla Into ChaosTesla Spends Weekend Cutting Prices of Cars and FSD SoftwareTrump Has Only $6.8 Million for Legal Fees With Trial UnderwayThe Fed’s Forecasting Method Looks Increasingly Outdated as Bernanke Pitches an AlternativeHaving
(Bloomberg) The yen weakened beyond 150 per dollar to the lowest point since Nov. 17 after US consumer price inflation metrics for January exceeded estimates. Most Read from BloombergMusk Says Putin Can’t Lose in Ukraine, Opposes Senate BillWall Street Roiled by ‘Still Sticky’ CPI Signals: Markets WrapPutin Seeks Revenge on a World Order He Once Wanted to JoinTrump Asks Supreme Court to Keep DC Election Trial on HoldRetail Traders Are Losing Billions in India’s Booming Options MarketThe Bloom
The dollar hit a one-month high as Treasury yields climbed on growing speculation that the Federal Reserve may be reticent about cutting interest rates as early as March