[The U.S. Dollar Index Hits a 13-Month High, Rate Hike Expectations May Further Spread] Golden Finance reports that on June 25, the foreign exchange market has seen dramatic shifts recently—the U.S. Dollar Index has been climbing for consecutive days, breaking through the critical 100 and 101 thresholds. Meanwhile, as geopolitical risk premiums dissipate rapidly, international oil prices have been fluctuating downward. This "falling oil prices, rising dollar" trend contradicts the "high oil prices, strong dollar" logic from a few months ago. Analysts believe that this market behavior is due to a time lag between oil prices, inflation, and policy pricing. Although the tide of geopolitical disturbances is gradually receding, the decline in inflation still awaits further confirmation. The foreign exchange market continues to price in the Federal Reserve's hawkish policy expectations, driving the U.S. Dollar Index to trend upward. Looking ahead, in the short term, expectations of Fed rate hikes may further unfold, and the U.S. Dollar Index could continue to fluctuate at high levels. (Shanghai Securities News)