Eco
The U.S. dollar continued its path toward achieving significant weekly gains on Friday, supported by rising Treasury yields and escalating expectations that the Federal Reserve (the US central bank) will raise interest rates once more. This kept the American currency near its highest levels recorded in several months. Conversely, the dollar's strength pushed the Euro to its lowest level in two months at $1.1370, setting it on track for its third consecutive weekly decline, marking its worst losing streak since the end of 2025. Similarly, the British Pound remained subdued near its three-month low of $1.3220, heading for its worst weekly performance in four months. Financial markets rapidly and strongly adjusted their interest rate expectations following the Federal Reserve's tightening of its monetary policy last week. Robust economic data and renewed concerns regarding energy supplies further reinforced this conviction.
