U.S. Dollar Stays Supported as Inflation Pressures Ease but Jobs and Yields Remain Firm

U.S. inflation and cost pressures have eased, but the dollar has remained supported by resilient employment, high yields, and expectations of further interest-rate increases. According to Jin10, institutions said non-U.S. currencies have struggled to pose a substantive challenge to the dollar, and the strong-dollar pattern is unlikely to change in the short term.