Dollar hits 13-month high as rate-hike bets, stock rout boost demand - Markets - The Jakarta Post

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

Dollar reached 13-month high (101.44) on tech sell-off and surging Fed rate hike expectations: 37% probability July, 70% September. Rising rates increase capital costs for tech firms and tighten valuations; currency volatility pressures M&A, international expansion, and portfolio returns.