US Dollar Price Forecast: Fed Hike Bets Rise as CPI Takes Center Stage; EUR/USD and GBP/USD Key Levels to Watch The US dollar's recent surge has sent shockwaves through financial markets.
The perfect storm of factors driving its rise includes the escalating energy crisis in the Middle East, which has pushed inflation expectations higher.
According to the US Bureau of Labor Statistics, producer prices increased by 0. 4% in August – a worrying sign that the effects of this crisis are beginning to ripple through the economy.