The US dollar may be on the verge of breaking out of its prolonged trading range as investors increasingly expect the Federal Reserve to prioritize inflation control amid rising geopolitical and energy-related pressures, Reuters reported.
The dollar, which weakened sharply in the first half of last year, has spent months moving within a narrow band, leaving markets uncertain about its next major direction. However, recent developments, including elevated oil prices linked to the Iran conflict and rising US Treasury yields, are beginning to shift sentiment in favor of the greenback.
