US Dollar Rises as Rate‑Hike Odds Climb

The U.S. dollar index rose 0.3% to 98.82 as traders increased expectations for Fed rate hikes later this year.
April retail sales grew 0.5% month‑on‑month, matching forecasts but down from March’s 1.6% rise, while CPI and PPI remained elevated.
President Donald Trump’s two‑day China visit sparked hopes for trade, AI chip clearance for Nvidia’s H200, and a Boeing 200‑plane deal.
The British pound fell 0.9% to $1.3399 despite a 0.6% Q1 UK GDP rise, while the yuan hit three‑year highs.