Dollar Hits 2025 Highs on Fed Hawkish Shift, Oil Drop Caps Gains
MUFG sees limited further upside for USD after a 1.5% rally post-Fed, citing oil price declines and peaking inflation. The US dollar index (DXY) climbed to its highest level since May 2025, rising 1.5% in three days after the Federal Reserve’s record hawkish shift in its d