Analysts: Dollar on track for third consecutive week of gains

According to Mars Finance, citing Jinshi News, the US dollar is poised for its third consecutive week of gains on Friday. This follows positive US economic data, which reduced market expectations for a near-term interest rate cut by the Federal Reserve. The federal funds futures market has pushed back its expectation of the next rate cut to June, citing improved employment data and concerns from central bank policymakers about inflation. Capital Markets analyst Kyle Rodda noted in a report that the dollar's strength, coupled with better-than-expected weekly initial jobless claims and manufacturing surveys, has reduced the probability of a rate cut.