In a staunch show of strength, the dollar advances, driving the dollar index towards $107, bolstered by the Federal Reserve’s recent communication. The market consensus leans heavily towards the Fed maintaining elevated interest rates to combat persistent inflation. This dollar surge casts a shadow over commodities, with gold enduring seven consecutive sessions of decline and oil slipping below $90 this week. Simultaneously, the Japanese Yen defies the dominant dollar, with the USD/JPY pair firmly below $150. Investor speculation suggests potential policy adjustments from the Bank of Japan, buoyed by sustainable ... (full story)