Dollar Strengthens Amid Fed's Potential Rate Hike

According to Odaily, the U.S. dollar may continue to strengthen if the belief that the Federal Reserve's rate-cutting cycle has ended becomes dominant in the market. Following the release of robust U.S. employment data on Friday, Bank of America's baseline scenario suggests that the Federal Reserve will maintain its current stance for an extended period, with the likelihood of the next move leaning towards a rate hike. If the Fed's next action appears to be a rate increase rather than a cut, it will further bolster the dollar's bullish momentum. This week, at least five Federal Reserve officials are scheduled to speak, with particular attention on FOMC permanent voting member and New York Fed President John Williams.