Apart from the very aggressive increase in interest rates by the US central bank (The Fed), the recession issue has also made the US dollar a safe-haven choice.
The Fed until last June has raised interest rates 3 times with a total of 150 basis points to 1.5% - 1.75%.
This month, the world's most powerful central bank will again increase by 50 - 75 basis points, and by the end of the year interest rates are projected to be in the range of 3.25% - 3.5%. This certainly supports the strengthening of the US dollar. USD is predicted to continue to strengthen for at least the next 3 months.
The Fed until last June has raised interest rates 3 times with a total of 150 basis points to 1.5% - 1.75%.
This month, the world's most powerful central bank will again increase by 50 - 75 basis points, and by the end of the year interest rates are projected to be in the range of 3.25% - 3.5%. This certainly supports the strengthening of the US dollar. USD is predicted to continue to strengthen for at least the next 3 months.