The dollar surged to a two-year high, gaining 6% this quarter, as a resilient U.S. economy and hawkish Fed outlook bolstered its appeal. Trump’s proposed trade tariffs and fiscal policies are expected to further support dollar strength into 2025. Non-commercial investors raised dollar long positions to $28B, the most bullish stance since May. While U.S. growth outpaces peers, weak global data limits downward pressure on the greenback. Analysts expect the dollar to stay strong short-term but face medium-term risks from trade and fiscal imbalances. #Forex #USD #DXY #FederalReserve