Interest rate market has digested the expectations of the Fed rate hike, and the US dollar has risen to its highest level since November last year.

According to the Zhitong Financial APP, with the market further strengthening its expectations of a rate hike by the Federal Reserve this year, the US dollar continued its rise on Tuesday, reaching its highest level since November last year. Analysts believe that the increasing policy divergence between the Federal Reserve and major central banks around the world is continuing to support the US dollar. Data shows that the Bloomberg Dollar Spot Index, which measures the performance of the US dollar against a basket of major currencies, rose 0.36% on Tuesday.