US Dollar Holds Ground Amid Growing Rate Hike Expectations
The US Dollar (USD) maintained its strength against major currencies on Tuesday, defying expectations of a pullback following Monday's subdued action.
The USD Index clung to small gains above 101.20 in early trading, while US stock index futures traded marginally lower.
Analysts at Commerzbank argue that the structure of US capital inflows is shifting, making currency support more sensitive to equity market dynamics.