London, Monday, 10 October 2022
On Monday, the dollar index rose for a fourth straight session to over 113 as investors remained confident that the Federal Reserve will continue with its draconian tightening plans.
Last week's jobs report revealed higher-than-anticipated payroll figures, further supporting the idea of a robust labour market.
The US inflation report, FOMC minutes, and numerous policymakers' appearances this week should all serve to reaffirm the Fed's commitment to fighting inflation.
The Fed's discount rate will increase by another 75 basis points in November, according to the money markets.
(Report by: The Decision Maker – Finance editors)