Dollar's Resilience Surprises Critics and Black Market Traders

The U.S. dollar is defying expectations and gaining strength against major currencies, reaching its highest level in six months. Despite efforts by China and Russia to promote de-dollarization, data from SWIFT shows that the dollar remains popular for international trade and transactions. The dollar's resilience has disappointed those who predicted its weakening, and with rising real yields and strong economic growth in the U.S., it is expected to continue climbing. Factors such as interest-rate differentials and relative economic strength contribute to the dollar's strength.