Dollar at 13-month high as rate hike bets, stock rout boost demand

The U.S. dollar extended gains to reach a fresh 13-month high against a basket of major ​currencies on Wednesday as investors sought shelter from a tech stock sell-off and positioned for Fed rate ‌hikes.

Jun 24, 2026 - 07:00
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Dollar at 13-month high as rate hike bets, stock rout boost demand
The U.S. dollar extended gains to reach a fresh 13-month high against a basket of major ​currencies on Wednesday as investors sought shelter from a tech stock sell-off and positioned for Fed rate ‌hikes.

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