Dollar Surges to Two-Month High, Nears $3,300 on Rate Hike Bets

The US dollar strengthened to a two-month high, approaching the $3,300 level, driven by a rebound effect and market projections of interest rate hikes. The move suggests growing expectations of tighter monetary policy, likely from the Federal Reserve, which is boosting the greenback. This development signals a shift in market sentiment toward higher US rates, with implications for emerging market currencies and capital flows.