Singapore, 23 June 2026 – The US dollar strengthened as investors increased bets that the Federal Reserve may keep monetary policy tighter for longer, while a rebound in oil prices and renewed caution across global markets added pressure on Asian currencies.
The dollar index traded around 101.01, staying close to its highest level in about a year as markets adjusted to a more hawkish US rate outlook. Stronger short-term Treasury yields supported the greenback, with investors increasingly pricing in the possibility that the Federal Reserve could raise interest rates again before year-end if inflation remains persistent.
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