U.S. dollar heads for best week since 2022 after getting an unexpected boost from Fed’s Powell - MarketWatch
1. DXY surged over 1% after Powell downplayed rate cuts. 2. Best dollar performance since 2022 with a 2.7% increase over five days. 3. Fed likely to hold interest rates for rest of 2025, boosting dollar confidence. 4. A new trade deal with Europe positively impacted the dollar's strength. 5. Market anticipates a potential further upward trend for DXY into early August.