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Dollar Advances to Highest Since May 2025 on Fed Hike Views

Bloomberg Markets Wednesday 14 October 2026, 12:52 UTC By Anya Andrianova 1 min read
Key Points

Dollar Advances to Highest Since May 2025 on Fed Hike Views The dollar strengthened to the highest level in over a year as hot US inflation reading pushed traders to add to bets that the Federal Reserve will raise interest rates. The Bloomberg Dollar Spot Index surged Wednesday past its November high. The gauge rose as much as 0.4% to the highest level since May 2025.

Dollar Advances to Highest Since May 2025 on Fed Hike Views The dollar strengthened to the highest level in over a year as hot US inflation reading pushed traders to add to bets that the Federal Reserve will raise interest rates. The Bloomberg Dollar Spot Index surged Wednesday past its November high. The gauge rose as much as 0.4% to the highest level since May 2025. US consumer prices advanced at the fastest pace in five months on rising fuel costs, according to Bureau of Labor Statistics data.
Fed Hike Views Dollar Advances to Highest (ORG) Fed Hike Views (ORG) US (LOCATION) the Federal Reserve (ORG) The Bloomberg Dollar (ORG) Bureau of Labor Statistics (ORG)
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