Dollar Steady Amid Fed’s Firmer Stance, Market Jitters Rise

Dollar Holds Firm as Fed Takes Steadier Approach Compared to Peers

The dollar remains strong as the Federal Reserve (Fed) shows a steadier hand compared to other central banks. On Friday, the dollar reached an eight-week high above 159 yen and traded at its highest in nearly five weeks against the British pound. This strength comes as the Fed's cautious stance on cutting interest rates contrasts with the more relaxed approaches of other central banks.