The US dollar has risen nearly 3% over the past four weeks, setting the longest consecutive increase record since early 2025

U.S. inflation data exceeded expectations, prompting traders to bet on interest rate hikes by the Federal Reserve, with the dollar rising to its highest level in over a year. The Bloomberg Dollar Spot Index surged significantly on Wednesday, rising as much as 0.4% during the session.

For the four weeks ending October 9, the dollar has accumulated a nearly 3% increase, marking the longest consecutive rise since early 2025. The market expects the total interest rate hikes in the U.S. to exceed 90 basis points in the future.