Dollar hits 13-month high as foreign investors overlook worries about Trump
Source: The Philadelphia Inquirer · 2026-07-05
The artificial intelligence boom is drawing new attention from overseas. However, investors are troubled by the deteriorating U.S. government fiscal situation.
Global investors last week drove the dollar to its highest value in more than a year, as the appeal of the U.S. artificial intelligence boom and the prospect of higher interest rates eclipsed doubts about President Donald Trump’s erratic policymaking... [8200 chars]