Dollar Soars on Fed Hike Expectations and High Oil Prices
The US dollar has surged today due to heightened expectations of a Federal Reserve interest rate hike later this week, coupled with high oil prices.
According to market analysis, among G10 currencies, the Swedish krona has been severely impacted, falling by around 0.8%.
The Canadian dollar also underperformed, losing 0.25%, while the Swiss franc dropped by about 0.5%.