The Washington Post June 28, 2026 • 10:31

Dollar hits 13-month high as foreign investors overlook worries about Trump - The Washington Post

By David J. Lynch

Dollar hits 13-month high as foreign investors overlook worries about Trump - The Washington Post

Foreign investors helped drive the dollar to a 13-month high this week, drawn by the AI boom and the prospect of a Fed rate increase later this year.

Global investors this 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 … [+50 chars]

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