💵 Dollar Strengthens as U.S. Economy Beats Expectations!

The U.S. dollar is on a 5-day winning streak — its longest since February — with the Bloomberg Dollar Spot Index up 0.3%, hitting a peak not seen since June 23. 📈

Stronger-than-expected economic growth, rising consumer spending, and a 2.5% YoY jump in core PCE inflation have reinforced the Fed’s hawkish stance. 💪

ADP data also confirms a resilient labor market, hinting at delayed rate cuts. If Powell stays neutral, the dollar could see even more upside due to rising rate appeal. 🏦💹