The Dollar's Sudden Surge: A New Era of Interest Rate Fears? The dollar has risen for five consecutive days, with Treasury yields surging to their highest point in over a year.
This trend is driven by growing concerns about inflation and potential rate hikes from the Federal Reserve. A key factor behind this surge is the recent jump in energy prices, particularly crude oil.
The Strait of Hormuz, a critical chokepoint for global oil supplies, remains blocked due to the ongoing conflict between Iran and the US.