Relatively high interest rates in the U.S., bright economic outlook are bolstering the U.S. currency
Ira IosebashviliThe dollar backed off from a two-year high this past week after a Federal Reserve meeting and several key data releases presented investors with conflicting signals on U.S. growth.
The ICE Dollar Index, which measures the dollar against a basket of six other currencies, stands just below its highest level since May 2017. The measure is up more than 5% over the last 12 months, boosted by comparatively high U.S. interest rates and expectations the U.S. will outperform other economies. Higher rates make the greenback more attractive...
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