According to CoinMeta, driven by the inflation in the United States exceeding expectations for the third consecutive month in October and the hawkish statements from Federal Reserve officials, the US dollar strengthened against major currencies on Wednesday. The US Dollar Index rose by 0.63% to 102.85, reaching its highest level since April 2025. The dollar also rose by 0.69% against the Japanese yen to 159.83, a new high in over two months, approaching the 160 mark. The euro fell by 0.61% against the dollar to 1.11, marking its lowest level since May 2025. The dollar gained 0.86% against the Swiss franc, reaching its highest level since mid-October. Goldman Sachs has adjusted its forecast to expect the Federal Reserve to raise interest rates in December and next March, while Deutsche Bank expects consecutive rate hikes in December, January, and March of next year. Analysts point out that rising interest rate expectations have expanded the dollar's interest rate differential advantage, and coupled with the safe-haven demand brought about by the US-Iran conflict, this continues to support the dollar.