Business · Markets · 3 hrs ago

High Rates and AI Spending May Sustain Dollar Rally Through Midterms

High Rates and AI Spending May Sustain Dollar Rally Through Midterms

The US dollar has been rallying.

The rally may continue through the US midterm election, even if the vote produces political gridlock.

High interest rates are drawing capital into the United States.

A surge in AI-related spending is also attracting investment.

These forces may help the dollar withstand political uncertainty.

The dollar’s outlook will depend in part on whether those investment drivers continue to support it.

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