24-June-2026
Economy News
 
Dollar Hits 13-Month High as Rate-Hike Bets, Stock Rout Boost Demand
24-Jun-2026

The U.S. dollar extended gains to reach a fresh 13-month high against a basket of major currencies on Wednesday, as investors sought shelter from a tech stock selloff and prepared for rate hikes from the Federal Reserve. Stock market volatility continued after a broad selloff of technology and semiconductor sectors dragged global shares lower, sparking safe-haven demand for the dollar and bonds.

News Source:- https://money.usnews.com/investing/news/articles/2026-06-23/dollar-at-13-month-high-as-rate-hike-bets-stock-rout-boost-demand
 
 
 

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