Nov 22, 02:46 PM

U.S. Dollar Index Surges to 108, Hits Two-Year High Amid Geopolitical Tensions and Fiscal Easing Expectations

The U.S. Dollar Index (DXY) has surged to its highest level in over two years, reaching 108, driven by a combination of geopolitical tensions, expectations of fiscal easing, and weaker-than-expected business activity data from Europe. The dollar's appreciation follows a pattern observed after Trump's 2016 victory, with the current rally marking an eight-week streak of gains, the longest in 14 months. Analysts suggest that this first phase of dollar strength could be followed by a second, larger rise if the U.S. imposes tariffs. The dollar's rise has been bolstered by interest rate differentials, a safe-haven demand amid escalating global uncertainties, and S&P Global PMI data. The index is up 0.89% intraday.

#Europe #Trump

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