Economy Politics Country 2025-11-20T04:12:34+00:00

Dollar Hits Six-Week High Amid Hawkish Fed Policy

The dollar strengthened after the Fed's meeting minutes reduced the chances of a December rate cut, signaling a hawkish U.S. monetary policy that affected currency markets.


Dollar Hits Six-Week High Amid Hawkish Fed Policy

The dollar rose on Thursday, marking its biggest gain in six weeks. The minutes of the Federal Reserve's meeting reduced the likelihood of a U.S. interest rate cut in December, sending a strong signal that supported the dollar. This decision indicates that the regulator is determined to combat inflation even amid economic slowdown. The market reacted to the news with an increase in the dollar's value against other major currencies. Analysts believe that the Fed's stance could impact global financial markets in the coming months.