Dollar Set for Strongest Week in Four Months Amid Geopolitical Tensions

The dollar is on track to achieve its most robust weekly performance in four months. Bloomberg posted on X, highlighting that traders are scaling back their expectations for interest-rate cuts by the Federal Reserve. This shift in sentiment is occurring as geopolitical risks enhance the dollar's appeal as a safe-haven currency. The combination of reduced anticipation for rate cuts and heightened geopolitical concerns is driving the dollar's strength in the currency markets.