Dollar Rally Resumes: Pressure on Gold and Crypto, USD/JPY Targets 165, CHF Weakens

BitcoinWorld Dollar Rally Resumes: Pressure on Gold and Crypto, USD/JPY Targets 165, CHF Weakens The US dollar is resuming its upward trajectory, placing renewed downward pressure on gold prices and the broader cryptocurrency market.

As of the latest trading sessions, the greenback’s strength is pushing the USD/JPY pair toward the key 165 level, while the Swiss franc (CHF) continues its weakening trend against the dollar.

Drivers of the Dollar Rally The dollar’s resurgence is primarily fueled by a combination of robust US economic data and a hawkish stance from the Federal Reserve.

Recent employment figures and inflation reports have exceeded expectations, reducing the likelihood of near-term interest rate cuts.