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Monday, 19 October 2026

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Dollar Reaches One-Month High as Fed Rate-Hike Risk Lingers

By Chee Liang CFA4 min read

Tokyo, 28 July 2026 – The US dollar held at a one-month high on Tuesday as currency traders maintained expectations that the Federal Reserve could raise interest rates, despite lower oil prices offering some relief from immediate inflation concerns.

The dollar index, which measures the currency against a basket of major counterparts, edged 0.03% higher to 101.55. The euro slipped 0.01% to US$1.1366, while sterling eased 0.02% to US$1.3284.

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Author

  • Chee Liang CFA specializes in financial advice and global economic trends, delivering clear insights to help readers navigate markets, investments, and the shifting dynamics of the world economy.