Benzinga54d agoneutral
The Dollar Just Hit A 13-Month High On Warsh's Hawkish Debut: History Says Don't Fade ItKevin Warsh‘s hawkish debut as Federal Reserve Chair revived one of the market’s most reliable plays — going long the dollar when the central bank looks ready to hike interest rates. The U.S. Dollar Index – as tracked by the Invesco DB U.S. Dollar Index Bullish Fund – rose 0.8% to above 100.15 on Thursday, its highest level since May 2025 and the cap on a roughly 13-month climb. The move followed a Federal Open Market Committee meeting that broke sharply with March. Nine of the 19 participants p