USD rate today 5/2: Strongly increasing again, greenback is forecasted to dominate in the next 3-6 months

USD exchange rate today 4/2: Falling sharply despite strong increase in bond yield.

On the morning of February 5, according to Vietnam time, on the international market, the USD Index reached 95,455 points, up 0.076 points, equivalent to an increase of 0.08%.

A Reuters survey shows the dollar will dominate for at least another three to six months, but a significant shift in market expectations for a Federal Reserve rate hike will be needed. US state (Fed) to push the greenback higher.

Decades of high inflation in the US and many other major economies around the world prompted the Fed and other central banks to withdraw stimulus measures introduced during the COVID-19 pandemic.

The abrupt shift in policy expectations sent stock prices into a tailspin this past month, with the S&P 500 index falling to its worst level since the financial crisis.

In addition, the US Treasury also acted as bond yields rose in January at the fastest rate since 2009 as investors bet on a faster pace of policy tightening by the Fed.

These are large spaces for the USD to consolidate its solid position. The dollar index is up nearly 7% in 2021, its best gain since 2015, as opposed to a fresh 0.2% gain this year.