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Institution: Driven by strong U.S. economic data and safe-haven demand, the dollar remains firm

MeNews
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ME News report: On May 27 (UTC+8), Daniel Takieddine, CEO of Sky Links Capital Group, said that the US dollar trading trend is stable and is still close to multi-week highs, helped by strong US economic data and uncertainty surrounding US-Iran negotiations. “Due to disagreements over uranium reserves in Tehran and future issues in the Strait of Hormuz, diplomatic efforts remain limited, which keeps demand for the dollar as a safe-haven currency,” he noted. He said that recent US data has boosted expectations that the Federal Reserve will keep interest rates at high levels for a longer period. He added that although market pricing shows rates will remain unchanged this year, there is still the possibility of further rate hikes if inflationary pressures persist. (Source: Jin10)
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AirdropUnderTheNeonBridge
· 9h ago
The possibility of interest rate hikes is still on the table; don't rush to buy the dip—cash flow is king.
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GasFeesWithAPomeloFlavor
· 19h ago
Uranium reserve disagreements are right here, with a limited diplomatic window—while the market is betting on a delaying tactic.
View OriginalReply0
RollupStreetKid
· 20h ago
A strengthening dollar is a double-edged sword for crypto, as funds flow back into traditional markets, but stablecoins become even safer when anchored.
View OriginalReply0
GateUser-0d1088ad
· 20h ago
If the Strait of Hormuz really has an incident, oil prices will spike, making inflation even harder to control, and the Federal Reserve will have an even tougher time managing it.
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GateUser-78aae297
· 20h ago
Strong US data + geopolitical uncertainties, this combination is the perfect script for the dollar; other assets are struggling.
View OriginalReply0
GateUser-34d2b0ab
· 20h ago
Higher interest rates lasting longer, risk assets under pressure, on-chain activity estimates will continue to decline for a while.
View OriginalReply0

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