Hong Kong, 24 June 2026 – The US dollar climbed to a 13-month high against major currencies as investors sought safety from a global technology stock selloff and increased bets that the Federal Reserve may raise interest rates again this year.
The dollar index rose to 101.44, its strongest level since May 2025, as market participants moved into the greenback and US bonds amid weaker risk appetite. The shift followed a broad selloff in technology and semiconductor shares, where investors took profit after a strong rally driven by artificial intelligence and advanced computing optimism.
Unlock the Full Article
This article is exclusive to The Ledger Asia Subsribers / PAID members.
Already have an account? Log in here
