DBS: dollar unlikely to enter sustained rally after Fed rate hike
- —The Fed raised rates by 0.25 pp to 3.75–4.00% on September 16 — the first hike since 2023
- —DXY rose to a 7-week high, and 2-year Treasury yields added 6 bps
- —DBS expects DXY in the 96–102 range and sees no repeat of the 2022 dollar rally
Why it matters: A weak dollar usually supports bitcoin and risk assets, so DBS's forecast matters for crypto market expectations.
Source: Blockmedia