.jpg "Hai Duong took 33 samples of medicine, milk and functional foods for quality testing.")
.jpg "Be cautious about 'surfing' real estate before merging Hai Duong and Hai Phong")
.jpg "Thai Tan village (Nam Sach) is green from house to alley")
.jpg "Number of newly established enterprises in Hai Duong increased by 21.3%")
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Currency markets are witnessing the longest winning streak of the US dollar in more than two years.
The robust recovery of the US economy has forced traders to reconsider their expectations of further sharp rate cuts by the Federal Reserve. The Bloomberg Dollar Spot Index rose for an eighth straight day, its longest winning streak since April 2022.
The US dollar has gained against all the currencies of the G10 leading industrialized countries since the beginning of the year, except for the British pound. Notably, the US dollar index has increased by nearly 2% in the past 8 days.
The dollar rose to its highest level since mid-August 2024 after last week's US jobs report surprised by being stronger than expected.
Traders have repeatedly had to reconsider bets on easing in the US, after a series of data showed the economy was strong, reducing the need for the Fed to continue cutting interest rates sharply.
The US economy is strong, Erik Wytenus, head of investment strategy at JPMorgan EMEA, said in an interview with Bloomberg TV. This, he added, is increasing the appeal of US assets.
Long-term investors in Asia and the Middle East are selling the euro and sterling as their long-held optimism about the currencies fades, said Neil Jones, director at TJM Europe.
