The Fed's expectation of a "single rate cut" strengthens the dollar, while supply disruptions in the aluminum industry intensify inflationary pressures

According to Jinshi News, the dollar has reopened its upward trend triggered by the Middle East conflict, with inflation concerns intensifying market worries that U.S. interest rates will remain high for a longer period. Due to disrupted fuel supplies and closed shipping routes, gas-powered aluminum plants in the Middle East have suspended production and delivery, further exacerbating inflationary pressures from energy supply shocks. The Federal Reserve watch tool from the Chicago Mercantile Exchange shows that the current probability of only one rate cut this year is 36.2%, up from 22% a week ago.